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Oil price shocks and labor market fluctuations
Ordóñez, Javier; Sala, Héctor; Silva, José Ignacio - 2010
We examine the impact of real oil price shocks on labor market flows in the US We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...
Persistent link: https://www.econbiz.de/10010276723
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Heterogeneity in the Cyclical Sensitivity of Job-to-Job Flows
Schaffner, Sandra - 2009
Although the cyclical aspects of worker reallocation are investigated in numerous studies, only scarce empirical evidence exists for Germany. Kluve, Schaffner, and Schmidt (2009) emphasize the heterogeneity of cyclical influences for different subgroups of workers, defined by age, gender and...
Persistent link: https://www.econbiz.de/10010265802
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Heterogeneity in the cyclical sensitivity of job-to-job flows
Schaffner, Sandra - 2009
Although the cyclical aspects of worker reallocation are investigated in numerous studies, only scarce empirical evidence exists for Germany. Kluve, Schaffner, and Schmidt (2009) emphasize the heterogeneity of cyclical influences for different subgroups of workers, defined by age, gender and...
Persistent link: https://www.econbiz.de/10010316416
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Real price and wage rigidities in a model with matching frictions
Kuester, Keith - 2007
This paper incorporates search and matching frictions in the labor market into a New Keynesian model. In contrast to the literature, the labor market activity takes place in the (Calvo-staggered) price-setting sector. Matching frictions lead price-setting firms to negotiate wage rates with their...
Persistent link: https://www.econbiz.de/10011604766
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Worker flows in Germany: Inspecting the time aggregation bias
Nordmeier, Daniela - 2012
steady-state unemployment dynamics. The reconsideration of German worker flows reveals that both the job finding rate and the … separation rate play an important role for German unemployment dynamics, but the job finding rate dominates in the long run. …, 2012) weist die Verzerrung in der Übergangsrate in Arbeitslosigkeit keine konjunkturelle Abhängigkeit auf, während sich die …
Persistent link: https://www.econbiz.de/10010323807
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The cyclical behavior of equilibrium unemployment and vacancies revisited
Hagedorn, Marcus; Manovskii, Iourii - 2008
-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …
Persistent link: https://www.econbiz.de/10011604899
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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 heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010277955
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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 heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010278021
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The Aggregate Effects of the Hartz Reforms in Germany
Hertweck, Matthias S.; Sigrist, Oliver - 2013
(1983-2009). We show that, until the early 2000s, close to 60% of changes in the unemployment rate are due to changes in the …
Persistent link: https://www.econbiz.de/10011390684
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Job vacancies in Colombia: 1976-2012
Álvarez, Andrés; Hofstetter, Marc - In: IZA Journal of Labor & Development 3 (2014), pp. 1-11
between vacancies and unemployment with a structural change-an outward shift-around 1986. …
Persistent link: https://www.econbiz.de/10011603707