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of the labor market such as the matching technology that pairs vacancies with unemployed workers. We estimate on US data …
Persistent link: https://www.econbiz.de/10003486556
A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …
Persistent link: https://www.econbiz.de/10003826579
This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching …
Persistent link: https://www.econbiz.de/10009232255
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … matching ; business cycle …
Persistent link: https://www.econbiz.de/10003826953
A review of the measures of the stock of human capital used in empirical growth research reveals that human capital is mostly poorly proxied. The simple use of the most common proxy, average years of schooling of the working-age population, misspecifies the relationship between education and the...
Persistent link: https://www.econbiz.de/10011473489
model match formation. We use German administrative labor market data to show that the matching function correlation solely … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …
Persistent link: https://www.econbiz.de/10010248216
Persistent link: https://www.econbiz.de/10001749135
Despite abundant microeconomic level evidence, the role of human capital in economic development has not been well documented at the macroeconomic level. Up to now, many empirical macro studies lack a consistent theoretical foundation. In addition, the wide range of published results seems to...
Persistent link: https://www.econbiz.de/10011472072
This paper substantiates the debate following Richard Florida’s suggestion to measure regional human capital by creative occupations rather than education. Consistent with Florida’s notion of creativity, it suggests a microfoundation that relates creativity to workers’ cognitive and...
Persistent link: https://www.econbiz.de/10010406921
We combine the augmented Solow model with the Mincer equation to derive a specification that identifies an education externality within a production function framework. The previous empirical literature has not reached a consensus about the size of the education externality, which is given by...
Persistent link: https://www.econbiz.de/10003656302