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The Allocation of Labor and Endogenous Search Decisions

Uren, Lawrence - In: Contributions in Macroeconomics 6 (2006) 1, pp. 1-31

Abstract This paper examines the allocation of heterogeneous workers across sectors of an economy in which workers are able to direct their search towards particular firms. We find that search frictions, in addition to causing unemployment, may result in an inefficient allocation of labor. This...

Persistent link: https://www.econbiz.de/10015359923

Explanations for Persistent Nursing Shortages

Long, Mark C; Goldfarb, Marsha G.; Goldfarb, Robert S - In: Forum for Health Economics & Policy 11 (2008) 2

suggest three new explanations for perceived nursing shortages. The first model focuses on hospitals hiring both permanent … staff nurses and temporary contract nurses. It shows that hiring both classes of nurses can represent optimizing behavior …, and that an interesting kind of perceived nursing shortage results from this dual hiring. The second model posits two …

Persistent link: https://www.econbiz.de/10014591973

Matchingprozesse auf beruflichen Teilarbeitsmärkten / Job Matching on Occupational Labour Markets

Stops, Michael; Mazzoni, Thomas - In: Jahrbücher für Nationalökonomie und Statistik 230 (2010) 3, pp. 287-312

Summary Our paper presents new estimates of matching functions on partial labor markets. We used extensive data, ranging from 1982 to 2003, which results in new insights, extending the knowledge obtained by former empirical studies. We also used the extended time series data to validate model...

Persistent link: https://www.econbiz.de/10014609287

Using Long-, Medium-, and Short-Term Trends to Forecast Turning Points in the Business Cycle: Some International Evidence

García-Ferrer, Antonio; Queralt, Ricardo A. - In: Studies in Nonlinear Dynamics & Econometrics 3 (1998) 2

This paper provides rules for anticipating business-cycle recessions and recoveries for countries showing asymmetric cycle durations. Based on a Schumpeterian framework, we analyze business cycles as sums of short-, medium-, and long-term cycles defined for a particular class of unobserved...

Persistent link: https://www.econbiz.de/10014620813

Characterizing Asymmetries in Business Cycles Using Smooth-Transition Structural Time-Series Models

Proietti, Tommaso - In: Studies in Nonlinear Dynamics & Econometrics 3 (1998) 3

This paper aims at testing and modeling business-cycle asymmetries within a structural time-series framework, allowing for smooth transition in the parameters characterizing the cyclical component, namely, the damping factor and the frequency. An LM test of linearity is derived, and...

Persistent link: https://www.econbiz.de/10014620816

Should Policy Makers Worry about Asymmetries in the Business Cycle?

Boldin, Michael D. - In: Studies in Nonlinear Dynamics & Econometrics 3 (1999) 4

This paper reconsiders the conventional use of econometric models, especially identified vector autoregressive models, in guiding monetary policy. The main question I explore is whether these models are seriously flawed because they ignore asymmetries in the business cycles. Toward that end,...

Persistent link: https://www.econbiz.de/10014620820

Default and loss given default in agriculture

Pederson, Glenn; Sakaimbo, Nicholas - In: Agricultural Finance Review 71 (2011) 2, pp. 148-161

Purpose – The purpose of this paper is to investigate the relationship between loan default and loss given default (LGD) in an agricultural loan portfolio. The analysis employs a simulation model approach to evaluate the role that systematic and non‐systematic risks play in determining the...

Persistent link: https://www.econbiz.de/10014667119

The effect mechanism of credit constraint on cycle's formation

Chen, Kunting; Zhong, Changbiao - In: China Finance Review International 1 (2011) 4, pp. 408-424

that: the development of the financial and credit markets during recent years has increased the volatility of the economic …

Persistent link: https://www.econbiz.de/10014694464

The impact of discontinuity on firms' business relationship behaviour

Hadjikhani, Amjad; Lindh, Cecilia; Thilenius, Peter - In: European Business Review 24 (2012) 2, pp. 134-150

Purpose – With a comparative aim, the purpose of this paper is to challenge the general assumption behind relationship longevity. The question under attention is whether firms' relationship of a discontinuous nature is different from continuous relationships and if so what this diversity...

Persistent link: https://www.econbiz.de/10014713420

Global equity market interdependence: Tokyo versus Wall Street

Lu, Laura; Mourdoukoutas, Panos - In: European Business Review 97 (1997) 6, pp. 259-262

Enquires into the link between the Tokyo and New York equity markets. Finds that the link between the two markets strengthens at some times and weakens at others. Staggering business cycles and the breaking of global co‐operation are two plausible explanations of the weakening of the links...

Persistent link: https://www.econbiz.de/10014713568