Similar Search Results

Labor search and matching in macroeconomics

Yashiv, Eran - London School of Economics (LSE) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10011071476

A test between unemployment theories using matching data

Coles, Melvyn; Petrongolo, Barbara - London School of Economics (LSE) - 2003

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

Persistent link: https://www.econbiz.de/10010928750

Imperfect competition in the labour market

Manning, Alan - London School of Economics (LSE) - 2010

It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...

Persistent link: https://www.econbiz.de/10010745736

Scale effects in markets with search

Petrongolo, B; Pissarides, Christopher - London School of Economics (LSE) - 2003

Reduced- form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

Persistent link: https://www.econbiz.de/10010746289

Scale effects in markets with search

Petrongolo, Barbara; Pissarides, Christopher - London School of Economics (LSE) - 2006

Reduced-form tests of scale effects in markets with search, based on aggregate matching functions, may miss important … higher post-unemployment wages but not faster matches, so aggregate matching functions are unaffected by scale. …

Persistent link: https://www.econbiz.de/10010746460

Crime scars: recessions and the making of career criminals

Bell, Brian; Bindler, Anna; Machin, Stephen - London School of Economics (LSE) - 2014

Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job matches that have a sustained detrimental effect on their wages and career...

Persistent link: https://www.econbiz.de/10011126012

Back to baseline in Britain: adaptation in the British household panel survey

Clark, Andrew E.; Georgellis, Yannis - London School of Economics (LSE) - 2013

We look for evidence of adaptation in wellbeing to major life events using eighteen waves of British panel data. Adaptation to marriage, divorce, birth of child and widowhood appears to be rapid and complete; this is not so for unemployment. These findings are remarkably similar to those in...

Persistent link: https://www.econbiz.de/10011126217

Constraint and opportunity: identifying voluntary non-employment

Burchardt, Tania; Le Grand, Julian - London School of Economics (LSE) - 2002

This paper is an attempt to assess the extent to which the behaviour of an individual is the result of the constraints that he or she faces – factors beyond individual control - or the result of the exercise of his or her preferences. The study concentrates on participation or...

Persistent link: https://www.econbiz.de/10011126310

Reservation wages and the wage flexibility puzzle

Koenig, Felix; Manning, Alan; Petrongolo, Barbara - London School of Economics (LSE) - 2014

rather than wages, at odds with the quantitative predictions of the canonical search and matching model. This paper provides …

Persistent link: https://www.econbiz.de/10011126411

Financial constraints in search equilibrium

Boeri, Tito; Garibaldi, Pietro; Moen, Espen R. - London School of Economics (LSE) - 2014

The Great Recession has indicated that firms' leverage and access to finance are important for hiring and firing decisions. It is now empirically established that bank lending is correlated to employment losses when credit conditions deteriorate. We provide further evidence of this drawing on a...

Persistent link: https://www.econbiz.de/10011126499