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generate the trends in unemployment flows. …
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New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I …
Persistent link: https://www.econbiz.de/10012466998
New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I …
Persistent link: https://www.econbiz.de/10013313246
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This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option is available, monopsony wages result. With more than one...
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We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …
Persistent link: https://www.econbiz.de/10012311610