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Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We …, tighter credit leads to lower output, lower number of vacancies, and higher directed-search unemployment. Where workers are …
Persistent link: https://www.econbiz.de/10011539874
The paper studies human capital accumulation over workers' careers in an on the job search setting with heterogenous firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific training induce higher wages within jobs, and with...
Persistent link: https://www.econbiz.de/10011585846
worker-job complementarity, we estimate how interpersonal, cognitive and manual skills map into job offers, unemployment and …
Persistent link: https://www.econbiz.de/10012022569
We study optimal unemployment insurance (UI) over the business cycle using a heterogeneous agent job search model with …
Persistent link: https://www.econbiz.de/10012137069
the US unemployment rate. We perform a deep out-of-sample forecasting comparison analyzing many models that adopt both our … the GI outperform the traditional ones in predicting the monthly unemployment rate, even in most state-level forecasts and … ; US Unemployment ; Time Series Models …
Persistent link: https://www.econbiz.de/10008702857
This paper investigates how the job search outcomes of displaced migrants are affected by the labor market outcomes of past co-workers of the same nationality. For this exercise I use matched employer-employee micro data on the universe of private-sector employees in Italy between 1975 and 2001....
Persistent link: https://www.econbiz.de/10009766167
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