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Employment and Hours over the Business Cycle in a Model with Search Frictions

Kudoh, Noritaka; Miyamoto, Hiroaki; Sasaki, Masaru - Institute for the Study of Labor (IZA) - 2015

This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the …

Persistent link: https://www.econbiz.de/10011228303

Labor Market Cycles, Unemployment Insurance Eligibility, and Moral Hazard

Faig, Miquel; Zhang, Min - In: Review of Economic Dynamics 15 (2012) 1, pp. 41-56

If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If individuals are risk neutral, then there is a UI contribution scheme that eliminates any effect of UI on employment decisions. As with...

Persistent link: https://www.econbiz.de/10009293001

Labor Search and Matching in Macroeconomics

Yashiv, Eran - Institute for the Study of Labor (IZA) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10005822179

Labor Market Cycles and Unemployment Insurance Eligibility

Faig, Miquel; Zhang, Min - University of Toronto, Department of Economics - 2010

If entitlement to Unemployment Insurance (UI) benefits must be earned with employment, generous UI is an additional benefit to an employment relationship, so it promotes job creation. If individuals are risk neutral, UI is fairly priced, and the UI system prevents moral-hazard, the generosity of...

Persistent link: https://www.econbiz.de/10008494159

Evaluating Business Cycle Models with Labor Market Search

Hussey, Robert M. - Society for Computational Economics - SCE - 2001

Incorporating labor market search in general equilibrium models has been shown to generate realistic dynamics in … into new employment, models with labor market search are still found to generate larger and more persistent propagation of …

Persistent link: https://www.econbiz.de/10005132866

Labor Turnover Costs and the Cyclical Behavior of Vacancies and Unemployment

Toledo, Manuel; Silva, Jose I. - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005090860

The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited

Hagedorn, Marcus; Manovskii, Iourii - Institut für Volkswirtschaftslehre, … - 2007

Recently, a number of authors have argued that the standard search model cannot generate the observed business …

Persistent link: https://www.econbiz.de/10005463517

TFP during a credit crunch

Petrosky-Nadeau, Nicolas - In: Journal of Economic Theory 148 (2013) 3, pp. 1150-1178

The financial crisis of 2008 was followed by sharp contractions in aggregate output and employment and an unusual increase in aggregate total factor productivity (TFP). This paper attempts to explain these facts by modeling the creation and destruction of jobs in the presence of heterogeneity in...

Persistent link: https://www.econbiz.de/10010665752

Cyclical Behavior of Unemployment and Job Vacancies in Japan

Miyamoto, Hiroaki - Graduate School of International Relations, … - 2009

This paper studies whether the Mortensen and Pissarides (MP) search and matching model can explain the observed labor …

Persistent link: https://www.econbiz.de/10010627452

On the cyclicality of unemployment: Resurrecting the participation margin

Ebell, Monique - In: Labour Economics 18 (2011) 6, pp. 822-836

This paper considers a real business cycle model with search frictions in the labor market and labor supply which is …

Persistent link: https://www.econbiz.de/10010573899

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