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On-the-job search and the cyclical dynamics of the labor market

Krause, Michael U.; Lubik, Thomas A. - 2004

We develop a dynamic general equilibrium model where workers can engage in search while on the job. We show that on-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts fluctuations of unemployment, vacancies, and labor...

Persistent link: https://www.econbiz.de/10010293492

The increased importance of asset price misalignments for business cycle dynamics

Bask, Mikael; Madeira, João - 2011

We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapo-lation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Baye-sian techniques. To be more precise, we modify the DSGE model in Smets and Wouters (2007) by incorporating asset traders...

Persistent link: https://www.econbiz.de/10010321374

Can intangible capital explain cyclical movements in the labor wedge?

Gourio, François; Rudanko, Leena - 2014

Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...

Persistent link: https://www.econbiz.de/10010352192

Measuring and Predicting Heterogeneous Recessions

Çakmaklı, Cem; Paap, Richard; van Dijk, Dick - 2012

This paper conducts an empirical analysis of the heterogeneity of recessions in monthly U.S. coincident and leading indicator variables. Univariate Markovswitching models indicate that it is appropriate to allow for two distinct recession regimes, corresponding with 'mild' and 'severe'...

Persistent link: https://www.econbiz.de/10010500207

Switching costs, firm size, and market structure

Loertscher, Simon; Schneider, Yves - 2005

In many markets, homogenous goods and services are sold both by large global frms and small local frms. Surprisingly, the large frms charge, often substantially, higher prices. Examples include hotels, airlines, and coffee shops. This paper provides a parsimonious model that can account for...

Persistent link: https://www.econbiz.de/10010315515

Management-Employee Relations, Firm Size, and Job Satisfaction

Tansel, Aysit; Gazioglu, Saziye - 2013

This paper investigates the job satisfaction in relation to managerial attitudes towards employees and firm size using the linked employer-employee survey results in Britain. We first investigate the management-employee relationships and the firm size using maximum likelihood probit estimation....

Persistent link: https://www.econbiz.de/10010500240

Firm Size Distribution and Employment Fluctuations: Theory and Evidence

Görg, Holger; Henze, Philipp; Jienwatcharamongkhol, Viroj - 2016

This paper studies the effect of the firm-size distribution on the relationship between employment and output. We … construct a theoretical model, which predicts that changes in demand for industry output have larger effects on employment in … relationship between industry-level employment and output. Our empirical results align with the predictions of the theory and …

Persistent link: https://www.econbiz.de/10013208775

Financial constraints and firm size: Micro-evidence and aggregate implications

Ferreira, Miguel H.; Haber, Timo; Rörig, Christian - 2023

Using a unique dataset covering the universe of Portuguese firms and their credit situation we show that financially constrained firms are found across the entire firm size distribution, even in the top 1%. Incorporating a richer, empirically supported, productivity process into a standard...

Persistent link: https://www.econbiz.de/10014480470

Income support systems, labour supply incentives and employment: Some cross-country evidence

Forslund, Anders; Fredriksson, Peter - 2009

objective is to identify policy tools that help generate sustained increases in employment in the long run. Therefore, we focus …

Persistent link: https://www.econbiz.de/10010273947

Impact of Special Economic Zones on Employment, Poverty and Human Development

Aggarwal, Aradhna - 2007

India. It identifies three channels through which SEZs address these issues: employment generation, skill formation (human … interviews of entrepreneurs and workers across the three largest SEZs (in terms of their contribution to exports and employment …) : SEEPZ, Madras and Noida. The analysis reveals that `employment generation' has been the most important channel through which …

Persistent link: https://www.econbiz.de/10011807601

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