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Match Quality, Contractual Sorting and Wage Cyclicality

Gallipoli, Giovanni - 2017

high match-specific productivity. The key implications of our model hold in data from the NLSY79, where information about …

Persistent link: https://www.econbiz.de/10012947375

History dependence in wages and cyclical selection : evidence from Germany

Bauer, Anja; Lochner, Benjamin - 2019

Using administrative employer-employee data from Germany, we investigate the relationship between wages and past and present labor market conditions. Furthermore, we revisit recent findings of greater wage cyclicality of new hires. Overall, we find strong evidence for history dependent wages,...

Persistent link: https://www.econbiz.de/10012027613

High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations

Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...

Persistent link: https://www.econbiz.de/10012649569

"Mismatch" in the labor market and inflation : an integrative model with lessons from the Spanish experience

Pérez Trujillo, Manuel; Ruesga, Santos M.; Sell, … - 2018

results show that the loss in the efficiency of matching in the labor market combined with an increase in the demand in the …

Persistent link: https://www.econbiz.de/10011946383

History dependence in wages and cyclical selection : evidence from Germany

Bauer, Anja; Lochner, Benjamin - 2017 - Draft: October 2017

understanding unemployment fluctuations in matching models. …

Persistent link: https://www.econbiz.de/10011756338

History dependence in wages and cyclical selection : evidence from Germany

Bauer, Anja; Lochner, Benjamin - 2016

/DiNardo, 1991) or a matching model with on-the-job search and cyclical selection (Hagedorn/Manovskii, 2013). The data suggests that …

Persistent link: https://www.econbiz.de/10011544266

What drives movements in the unemployment rate? : a decomposition of the Beveridge curve

Barnichon, Regis; Figura, Andrew - 2010

Persistent link: https://www.econbiz.de/10008696461

Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies

Pace, Federico di; Faccini, Renato - 2010

We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical … cycles ; labour market fluctuations ; search and matching ; wage bargaining …

Persistent link: https://www.econbiz.de/10003969378

Deep Habits and the Cyclical Behaviour of Equilibrium Unemployment and Vacancies

Di Pace, Federico - 2010

We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical …

Persistent link: https://www.econbiz.de/10013142668

Rational Inattention in Hiring Decisions

Acharya, Sushant - 2019

We provide an information-based theory of matching efficiency fluctuations. Rationally inattentive firms have limited … capacity to process information and cannot perfectly identify suitable applicants. During recessions, higher losses from hiring … unsuitable workers cause firms to be more selective in hiring. When firms cannot obtain sufficient information about applicants …

Persistent link: https://www.econbiz.de/10012892802