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mechanisms that allow for ex post Bertrand competition generate the maximum matching on a realized network. -- efficiency …When workers send applications to vacancies they create a network. Frictions arise because workers typically do not … friction affects network formation, while the second coordination friction affects network clearing. We show that those …
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with theory, establishments with more procyclical wage movements over the business cycle have a more countercyclical hires …
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I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741
According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm …
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According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …
Persistent link: https://www.econbiz.de/10012026458
unemployment rate, on the division of employment between the private and public sectors, and on the distributions of wages in the …
Persistent link: https://www.econbiz.de/10011596110
-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …
Persistent link: https://www.econbiz.de/10011735900
We examine the matching process using monthly panel data for local labour markets in Sweden. We find that an increase …
Persistent link: https://www.econbiz.de/10011568900