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the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary … ; Matching ; Sectoral Productivity Shock …
Persistent link: https://www.econbiz.de/10003932599
In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most suitable workers. In such an environment a multinational corporation has an advantage because it can exchange workers between plants in different countries. In this way it can...
Persistent link: https://www.econbiz.de/10003757817
. -- Wage Rigidity ; Search and Matching Model ; Business Cycle …
Persistent link: https://www.econbiz.de/10003827155
Persistent link: https://www.econbiz.de/10008908097
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10003827234
We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982 …). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities … consistently enhance the performance of the (endogenous separation) matching model. -- Efficiency Wages ; Endogenous Separations …
Persistent link: https://www.econbiz.de/10003952784
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for … admissions ; experiment ; quotas ; matching ; Gale-Shapley mechanism ; Boston mechanism …
Persistent link: https://www.econbiz.de/10009511649
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
Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve … builds upon the sectoral shock literature and combines its insights with the standard endogenous separation matching approach …
Persistent link: https://www.econbiz.de/10011452403