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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

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

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

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

EU employment dynamics: The pandemic years and beyond

Jestl, Stefan; Stehrer, Robert - 2021

difficulties. This study explores potential future employment dynamics across European industries and employment groups for the …

Persistent link: https://www.econbiz.de/10014565947

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Şahin, Afşin; Tansel, Aysit; Berument, M. Hakan - 2013

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period from 1988 to 2008. Even if we fail to find a long-run relationship between aggregate output and total employment …, there are long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels …

Persistent link: https://www.econbiz.de/10010500246

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

A Hodrick-Prescott filter with automatically selected jumps

Maranzano, Paolo; Pelagatti, Matteo - 2024

labour market reforms impacted employment in different age groups. …

Persistent link: https://www.econbiz.de/10014581212

The Rise and Fall of Swedish Unemployment

Holmlund, Bertil - 2003

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several years but exhibited a marked fall from 1997 and...

Persistent link: https://www.econbiz.de/10010321578

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