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~person:"Merkl, Christian"
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Merkl, Christian
Zimmermann, Klaus F.
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1
Efficiency and labor market dynamics in a model of labor selection
Chugh, Sanjay K.
;
Merkl, Christian
-
2015
This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Persistent link: https://www.econbiz.de/10011317662
Saved in:
2
The minimum wage from a two-sided perspective
Brown, Alessio J. G.
;
Merkl, Christian
;
Snower, Dennis J.
-
2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010238837
Saved in:
3
The minimum wage from a two-sided perspective
Brown, Alessio J. G.
;
Merkl, Christian
;
Snower, Dennis J.
-
2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010369825
Saved in:
4
The minimum wage from a two-sided perspective
Brown, Alessio J. G.
;
Merkl, Christian
;
Snower, Dennis J.
-
2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010371904
Saved in:
5
Labour market institutions and employment
Pohle, Felix
-
2019
, Arbeitsmobilität,
Migration
, Neukeynesianische Modelle, Search-and-Matching, Technologieschocks …-wage introduction, Labour mobility,
Migration
, New-Keynesian models, Search-and-Matching, Technology shocks …
Persistent link: https://www.econbiz.de/10012249834
Saved in:
6
Efficiency and Labor Market Dynamics in a Model of Labor Selection
Chugh, Sanjay K.
;
Merkl, Christian
-
2015
This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Persistent link: https://www.econbiz.de/10011345350
Saved in:
7
The minimum wage from a two-sided perspective
Brown, Alessio J. G.
;
Merkl, Christian
;
Snower, Dennis J.
-
2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010332009
Saved in:
8
Monetary persistence and the labor market: A new perspective
Lechthaler, Wolfgang
;
Merkl, Christian
;
Snower, Dennis J.
-
2010
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model; incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10010332774
Saved in:
9
Monetary persistence and the labor market: A new perspective
Lechthaler, Wolfgang
;
Merkl, Christian
;
Snower, Dennis J.
-
2008
It is common knowledge that the standard New Keynesian model is not able to generate a persistent response in output to temporary monetary shocks. We show that this shortcoming can be remedied in a simple and intuitively appealing way through the introduction of labor turnover costs (such as...
Persistent link: https://www.econbiz.de/10010277972
Saved in:
10
Monetary persistence and the labor market: A new perspective
Lechthaler, Wolfgang
;
Merkl, Christian
;
Snower, Dennis J.
-
2010
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10010278017
Saved in:
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