, so-called efficient bargaining, for each period. The frictional labor markets reasonably reflect the volatility of real …

its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …

specifications of the data on many dimensions, though not on all. This includes capturing the high persistence and high volatility of … most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …

high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of … the worker job finding rate. A key role in this fit is played by the convexity of hiring costs and the stochastic …

specifications of the data on many dimensions, though not on all. This includes capturing the high persistence and high volatility of … most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …

specifications of the data on many dimensions, though not on all. This includes capturing the high persistence and high volatility of … most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job … finding rate. A key role in this fit is played by the convexity of hiring costs and the stochastic properties of the …

rotation data set for the period 1979:1-2003:4, we find that the volatility of aggregate skilled hours relative to the … volatility of GDP has nearly tripled since 1984. In contrast, the cyclical properties of unskilled hours have remained … to an increase in the relative volatility of skilled hours: (i) a reduction in the degree of capital …

:1-2003:4, we find that the volatility of aggregate skilled hours relative to the volatility of GDP has nearly tripled since 1984 … volatility of skilled hours: (i) a reduction in the degree of capital-skill complementarity, (ii) a reduction in the absolute … volatility of GDP (and unskilled hours), and (iii) an increase in the level of capital equipment relative to skilled labor. We …

vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real … observed decline in output volatility …