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Unemployment insurance and wage subsidies are key tools to support labor markets in recessions. We develop a multi-sector search and matching model with on-the-job human capital accumulation to study labor market policy responses to sector-specific shocks. Our calibration accounts for structural...
Persistent link: https://www.econbiz.de/10014263921
Arbeitslosigkeit heraus wechseln. Die Opportunitätskosten werden dabei durch die durchschnittliche Arbeitslosigkeitsdauer abgebildet …, der sich nach einem Wechsel des Berufs durch Arbeitslosigkeit ergibt, negativ ist. Das Zusammenspiel dieser Ergebnisse … ökonomische Größen werden dabei die Abgangsrate aus Arbeitslosigkeit, der Zufluss in Arbeitslosigkeit und das Verhältnis von …
Persistent link: https://www.econbiz.de/10011337033
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10009691688
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected European economies. Our measure of sectoral labor reallocation is adjusted for aggregate influences and the remaining variation is linked to unemployment in country specific...
Persistent link: https://www.econbiz.de/10010424822
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10009681815
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10009683022
Firms and consumers both hold significant amounts of money, and the firm share changes over time and is negatively correlated with inflation. While existing studies of monetary policy and unemployment only consider consumer money, we build a quantitative framework of money allocation between...
Persistent link: https://www.econbiz.de/10012837806
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected European economies. Our measure of sectoral labor reallocation is adjusted for aggregate influences and the remaining variation is linked to unemployment in country specific...
Persistent link: https://www.econbiz.de/10013044658
Persistent link: https://www.econbiz.de/10011443039
Persistent link: https://www.econbiz.de/10011975667