Similar Search Results

Gavazza, Alessandro - 2016

We develop a model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort … more in recruiting activities and achieve higher job-filling rates. In equilibrium, individual decisions of hiring firms …

Persistent link: https://www.econbiz.de/10012982517

Spurring Job Creation in Response to Severe Recessions : Reconsidering Hiring Credits

Neumark, David - 2011

job creation. In periods when labor demand and supply are in balance, either hiring credits or worker subsidies can be … used to boost employment - hiring credits by reducing labor costs for employers, and worker subsidies by raising the … economic returns to work. Historically, both types of policies have been used in pursuit of distributional goals as well, with …

Persistent link: https://www.econbiz.de/10013128608

Recruiting Intensity During and after the Great Recession : National and Industry Evidence

Davis, Steven J. - 2012

We measure job-filling rates and recruiting intensity per vacancy at the national and industry levels from January 2001 to September 2011 using data from the Job Openings and Labor Turnover Survey. Construction makes up less than 5 percent of employment but accounts for more than 40 percent of...

Persistent link: https://www.econbiz.de/10013111745

Worker Replacement

Menzio, Guido - 2010

also a downward rigid wage for new hires. The downward rigidity in the hiring wage magnifies the response of unemployment …

Persistent link: https://www.econbiz.de/10013143467

High Discounts and High Unemployment

Hall, Robert E. - 2014

In recessions, all types of investment fall, including employers' investment in job creation. The stock market falls …

Persistent link: https://www.econbiz.de/10013059756

Revisiting the Hypothesis of High Discounts and High Unemployment

Martellini, Paolo; Menzio, Guido; Visschers, Ludo - 2022

We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use a rich search-theoretic model of the labor market in which the UE, EU and EE rates are all endogenous. Analytically, we show that an increase in the discount rate lowers the UE...

Persistent link: https://www.econbiz.de/10013310585

Financial Market Shocks and the Macroeconomy

Subrahmanyam, Avanidhar - 2013

Feedback from stock prices to cash flows occurs because information revealed by firms' stock prices influences the actions of competitors. We explore the implications of feedback within a noisy rational expectations setting with incumbent publicly traded firms and privately held new entrants. In...

Persistent link: https://www.econbiz.de/10013076911

Enlarging the Contracting Space : Collateral Menus, Access to Credit, and Economic Activity

Campello, Murillo - 2015

Recent reforms across Eastern European countries gave more flexibility and information for parties to engage in secured debt transactions. The menu of assets legally accepted as collateral was enlarged to include movable assets (e.g., machinery and equipment). Generalized...

Persistent link: https://www.econbiz.de/10013012691

Macroeconomic Volatility and Stock Market Volatility, Worldwide

Diebold, Francis X. - 2010

Notwithstanding its impressive contributions to empirical financial economics, there remains a significant gap in the volatility literature, namely its relative neglect of the connection between macroeconomic fundamentals and asset return volatility. We progress by analyzing a broad...

Persistent link: https://www.econbiz.de/10012758496

Durability of Output and Expected Stock Returns

Gomes, Joao F. - 2010

and stock returns of durable-good producers are exposed to higher systematic risk. Using the benchmark input … producers. In the cross-section, an investment strategy that is long on the durable-good portfolio and short on the service … portfolio earns a risk premium exceeding 4 percent annually. In the time series, an investment strategy that is long on the …

Persistent link: https://www.econbiz.de/10012760299

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