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Layoff Taxes, Unemployment Insurance, and Business Cycle Fluctuations
Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp Ludwig - 2015
search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework … reproduces the negative correlation between vacancies and unemployment, i.e., the Beveridge curve. Simulations show that the …
Persistent link: https://www.econbiz.de/10011301403
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On the introduction of firing costs
Ahrens, Steffen; Wesselbaum, Dennis - 2009
This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
Persistent link: https://www.econbiz.de/10010265263
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On the Introduction of Firing Costs
Ahrens, Steffen; Wesselbaum, Dennis - 2010
This paper analysis two types of firing costs in a New Keynesian model with search and matching frictions and purely endogenous separations. We further distinguish between the effects resulting from respecting and non-respecting the bonding critique. We find that the two types of firing costs...
Persistent link: https://www.econbiz.de/10010270192
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Layoff taxes, unemployment insurance, and business cycle fluctuations
Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - 2015
search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework … reproduces the negative correlation between vacancies and unemployment, i.e., the Beveridge curve. Simulations show that the …
Persistent link: https://www.econbiz.de/10010471507
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On the introduction of firing costs
Ahrens, Steffen; Wesselbaum, Dennis - 2009
This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
Persistent link: https://www.econbiz.de/10003884839
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Layoff taxes, unemployment insurance, and business cycle fluctuations
Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - 2015
search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework … reproduces the negative correlation between vacancies and unemployment, i.e., the Beveridge curve. Simulations show that the …
Persistent link: https://www.econbiz.de/10010472501
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On the Introduction of Firing Costs
Ahrens, Steffen; Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
Persistent link: https://www.econbiz.de/10008531659
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Layoff Taxes, Unemployment Insurance, and Business Cycle Fluctuations
Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - Institut für Weltwirtschaft (IfW) - 2015
search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework … reproduces the negative correlation between vacancies and unemployment, i.e., the Beveridge curve. Simulations show that the …
Persistent link: https://www.econbiz.de/10011162484
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Estimating a high-frequency New-Keynesian Phillips curve
Ahrens, Steffen; Sacht, Stephen - 2011
This paper estimates a high-frequency New Keynesian Phillips curve via the Generalized Method of Moments. Allowing for higher-thanusual frequencies strongly mitigates the well-known problems of smallsample biases and structural breaks. Applying a daily frequency allows us to obtain eventspecific...
Persistent link: https://www.econbiz.de/10010274428
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Estimating a high-frequency New-Keynesian Phillips curve
Ahrens, Steffen; Sacht, Stephen - 2011
This paper estimates a high-frequency New Keynesian Phillips curve via the Generalized Method of Moments. Allowing for higher-thanusual frequencies strongly mitigates the well-known problems of smallsample biases and structural breaks. Applying a daily frequency allows us to obtain eventspecific...
Persistent link: https://www.econbiz.de/10008904603