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Selective hiring and welfare analysis in labor market models

Merkl, Christian; Rens, Thijs van - 2012

Firms select not only how many, but also which workers to hire. Yet, in standard search models of the labor market, all workers have the same probability of being hired. We argue that selective hiring crucially affects welfare analysis. Our model is isomorphic to a search model under random...

Persistent link: https://www.econbiz.de/10009530304

Selective hiring and welfare analysis in labor market models

Merkl, Christian; Rens, Thijs van - 2012

Persistent link: https://www.econbiz.de/10009425519

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10003832116

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

Persistent link: https://www.econbiz.de/10003848271

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

Persistent link: https://www.econbiz.de/10003827234

Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence

Merkl, Christian; Stüber, Heiko - 2016

This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment level. We derive a model that allows for heterogeneous wage cyclicalities across firms over the business cycle and confront the theoretical results with the new AWFP dataset, which...

Persistent link: https://www.econbiz.de/10011574241

Extensive vs. intensive margin in Germany and the United States : any differences?

Merkl, Christian; Wesselbaum, Dennis - 2009

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10003929206

Extensive vs. intensive margin in Germany and the United States : any differences?

Merkl, Christian; Wesselbaum, Dennis - 2010

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older US studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10008806578

Job and worker flows : new stylized facts for Germany

Bachmann, Ruediger; Bayer, Christian; Merkl, Christian; … - 2017

We study the relationship between cyclical job and worker flows at the establishment level using the new German AWFP dataset spanning from 1975–2014. We find that worker turnover moves more procyclical than job turnover. This procyclical worker churn takes place along the entire employment...

Persistent link: https://www.econbiz.de/10011585890

Value added, wages, and labor market flows at the establishment level

Merkl, Christian; Stüber, Heiko - 2017

In this paper, we analyze the connection between value added, wages, and labor market ows at the establishment level. For this purpose, we first develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage...

Persistent link: https://www.econbiz.de/10011585891