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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011444082
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - This Version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011447126
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2022
This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative aggregate shocks move the hiring cutoff into a part...
Persistent link: https://www.econbiz.de/10013185150
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They are even larger!: More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
Wir zeigen empirisch, dass die konjunkturellen Schwankungen am Arbeitsmarkt in Deutschland höher sind als in den USA. Insbesondere ist die Volatilität von Arbeitsmarktvariablen (etwa der Vakanzen, der Arbeitsmarktanspannung oder der Wahrscheinlichkeit Arbeit zu finden) im Verhältnis zur...
Persistent link: https://www.econbiz.de/10010277959
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277960
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10003961662
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2009
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …, but stands in stark contrast to the search and matching model. While labor market institutions have a large effect on …
Persistent link: https://www.econbiz.de/10003827228
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The German Labor Market During the Great Recession : Shocks and Institutions
Gehrke, Britta - 2018
institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …
Persistent link: https://www.econbiz.de/10012909849
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Hartz IV and the Decline of German Unemployment : A Macroeconomic Evaluation
Hochmuth, Brigitte - 2019
reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the … the existing disagreement in the macroeconomic literature on the unemployment effects of Hartz IV. We find that Hartz IV … was a major driver for the decline of Germany's unemployment and that partial and equilibrium effect where of equal …
Persistent link: https://www.econbiz.de/10012870220