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We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...
Persistent link: https://www.econbiz.de/10010500264
unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor … vacancies in the local labor market, and what impact it has on employment. A greater availability of unemployed workers should … make it easier for a firm to fill a vacancy but more vacancies at other firms should make it more difficult, due to the …
Persistent link: https://www.econbiz.de/10010321379
percent increase in the statelevel effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …
Persistent link: https://www.econbiz.de/10013373856
This paper studies the changes in labor allocation across firms and industries in response to changes in technology (captured by the adoption of information and communication technologies, ICT) and import competition, due to increased exposure to trade competition from China. We use detailed...
Persistent link: https://www.econbiz.de/10011716918
increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10010321785
unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies, and the … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … confirm previous findings that growing establishments fill their vacancies faster. To understand the relationship between …
Persistent link: https://www.econbiz.de/10011993808
Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …
Persistent link: https://www.econbiz.de/10012030267
-wanted ads and an unemployment subsidy, is highly contractionary. However, it leads to large welfare gains. The policy also plays …
Persistent link: https://www.econbiz.de/10010292153
The first wave of the COVID-19 pandemic and the measures enforced to combat it have led to a decline in economic activity unprecedented since the Great Depression. Worldwide, millions, and yet millions, of people have lost their jobs-either temporarily or permanently. At first, the COVID- 19...
Persistent link: https://www.econbiz.de/10012660629
How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi … Norway, and comprehensive data on recruiters, vacancies and job seekers. We document that broadband expansions increased … online vacancy-postings and lowered the average duration of a vacancy and the share of establishments with unfilled vacancies …
Persistent link: https://www.econbiz.de/10012661555