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in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10009228915
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005124276
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005762182
Japan’s labor market, namely that the job separation and unemployment rates are U-shaped, whereas the job finding rate …
Persistent link: https://www.econbiz.de/10010869530
Recently, there has been renewed interest in labor search and matching models that incorporate a life-cycle structure by assuming finite horizons. Existing studies provide detailed analyses on the age dynamics of job creation and destruction, assuming that workers of all ages search for jobs in...
Persistent link: https://www.econbiz.de/10010702792
An extensive empirical literature has documented that workers with high tenure suffer large and persistent earnings losses when they get displaced. We study the reasons behind these losses in a tractable search model with a life-cycle dimension, endogenous job mobility, worker- and...
Persistent link: https://www.econbiz.de/10011109086
, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …
Persistent link: https://www.econbiz.de/10005822179
This paper provides evidence about the effects of dismissals-for-cause requirements, a specific component of employment protection legislation that has received little attention despite its potential relevance. We study a quasi-natural experiment generated by a law introduced in Portugal in...
Persistent link: https://www.econbiz.de/10005822593
, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …
Persistent link: https://www.econbiz.de/10011071476
In this paper we look at the way in which the Australian Bureau of Statistics (ABS) derives gross flows data from successive Labour Force Surveys. The procedure used by the ABS is described and a measure of the ‘matching rate’ obtained. We develop a simple theoretical model designed to...
Persistent link: https://www.econbiz.de/10008565313