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Jobless Recovering and Equilibrium Involuntary Unemployment with a Simple Efficiency Wage Model
May, Jinpeng - 2004
The U.S. economy had experienced the "jobless recovering" after the 1990-1991 and 2001 recessions, which has been constantly puzzling the economists, market analysts, and policymakers. This paper uses a simple hiring game in an efficiency wage model framework to resolve that puzzle. Our...
Persistent link: https://www.econbiz.de/10010263224
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Wage rigidity and job creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10010270767
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Minimally altruistic wages and unemployment in a matching model
Rotemberg, Julio J. - 2007
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10010280873
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The cyclical behavior of equilibrium unemployment and vacancies revisited
Hagedorn, Marcus; Manovskii, Iourii - 2008
Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation and cyclicality of wages to identify...
Persistent link: https://www.econbiz.de/10011604899
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Signaling in the Labor Market: New Evidence on Layoffs and Plant Closings
Rodríguez-Planas, Núria - 2004
In my asymmetric-information model of layoffs, high-productivity workers are more likely to be recalled to their former … not have a positive signaling benefit. Analysis of the data from the January 1988-2000 Displaced Workers Supplements to … workers displaced through plant closings in the predicted way, and finds evidence consistent with asymmetric information in …
Persistent link: https://www.econbiz.de/10010276359
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Do Fixed-Term Contracts Increase the Long-Term Employment Opportunities of the Unemployed?
Hagen, Tobias - 2003
employment and unemployment. The empirical analysis is based on propensity score matching methods, obtaining the effects of FTCs …
Persistent link: https://www.econbiz.de/10010297300
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Job Search with Nonparticipation
Frijters, Paul; van der Klaauw, Bas - 2004
In a non-stationary job search model we allow unemployed workers to have a permanent option to leave the labor force. Transitions into nonparticipation occur when reservation wages drop below the utility of being nonparticipant. Taking account of these transitions allows the identification of...
Persistent link: https://www.econbiz.de/10010262149
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Bestimmungsgründe von Fehlzeiten: Welche Rolle spielt die Arbeitslosigkeit?
Thalmaier, Anja - 1999
Das Ziel der vorliegenden Untersuchung besteht darin, die wesentlichen Determinanten für das Auftreten von Fehlzeiten zu analysieren. In einem ersten Schritt werden die institutionellen Rahmenbedingungen der Entgeltfortzahlung und ihre historische Entwicklung aufgezeigt. Die Analyse...
Persistent link: https://www.econbiz.de/10010262287
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On the Measurement of Mismatch
Ochsen, Carsten - 2004
This paper introduces and examines a definition of an equilibrium rate of unemployment that can be used as mismatch indicator, too. In contrast to existing indicators this measurement method is based directly on the Beveridge-Curve. An application of the indicator to nine OECD countries leads to...
Persistent link: https://www.econbiz.de/10010319329
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Central school exit exams and labor-market outcomes
Piopiunik, Marc; Schwerdt, Guido; Woessmann, Ludger - 2012
Many countries use centralized exit exams as a governance devise of the school system. While abundant evidence suggests positive effects of central exams on achievement tests, previous research on university-bound students shows no effects on subsequent earnings. We suggest that labor-market...
Persistent link: https://www.econbiz.de/10010288247