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Downskilling : changes in employer skill requirements over the business cycle
Sasser, Alicia; Shoag, Daniel W.; Ballance, Joshua - 2016 - This version: July 2016
market improved from 2010 to 2014. We find that a 1 percentage point reduction in the local unemployment rate is associated …
Persistent link: https://www.econbiz.de/10011536223
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Financial Shocks and the Cyclical Behavior of Skilled and Unskilled Unemployment
Lopez, Jose Ignacio - 2014
We study the effect of financial shocks in labor market dynamics. We build a model with two types of labor, two types of capital and both search and financial frictions. We find that financial shocks, modeled as exogenous disturbances to the borrowing constraint of firms, can generate realistic...
Persistent link: https://www.econbiz.de/10013050545
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Jobless Recoveries and Skill-Biased Sectoral Shift
Cui, Zhen - 2016
shock. Although the model generates a jobless recovery, its implications on unemployment duration are not entirely …
Persistent link: https://www.econbiz.de/10012984234
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The blighted youth : the impact of recessions and policies on life-cycle unemployment
Lopez-Martin, Bernabe; Takayama, Naoki - 2015
earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital … downturn, as documented in the empirical literature. At the aggregate level, the framework delivers youth unemployment rates … that are higher and more sensitive to fluctuations in aggregate productivity than total unemployment rates. Additionally …
Persistent link: https://www.econbiz.de/10011389663
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011444082
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - This Version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011447126
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2022
This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative aggregate shocks move the hiring cutoff into a part...
Persistent link: https://www.econbiz.de/10013185150
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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
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Job Duration and Match Quality Over the Cycle
Mustre-del-Rio, Jose - 2016
This paper examines how job quality varies over the cycle. Empirical evidence from the National Longitudinal Survey of Youth (NLSY) suggests match quality is procyclical. This interpretation is corroborated in a calibrated model with on-the-job search. In the model, more high quality matches are...
Persistent link: https://www.econbiz.de/10013007731