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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
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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
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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
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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
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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
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"Mismatch" in the labor market and inflation : an integrative model with lessons from the Spanish experience
Pérez Trujillo, Manuel; Ruesga Benito, Santos; 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
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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
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Labor market prospects, search intensity and the transition from college to work
Klaauw, Bas van der; Vuuren, Aico van; Berkhout, Peter - 2004
In this paper we develop a structural model for job search behavior of students entering the labor market. The model includes endogenous search effort and on-the-job search. Since students usually do not start a regular job before graduation but start job search earlier, our model is non...
Persistent link: https://www.econbiz.de/10011335207
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Labor Market Prospects, Search Intensity and the Transition from College to Work
van der Klaauw, Bas; van Vuuren, Aico; Berkhout, Peter H. G. - 2021
In this paper we develop a structural model for job search behavior of students entering the labor market. The model includes endogenous search effort and on-the-job search. Since students usually do not start a regular job before graduation but start job search earlier, our model is non...
Persistent link: https://www.econbiz.de/10013319225
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Matching Efficiency and Business Cycle Fluctuations
Furlanetto, Francesco - 2013
A large decline in the efficiency of the U.S. labor market in matching unemployed workers and vacant jobs has been … documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions in the labor market … to study the propagation of matching efficiency shocks. We show that the transmission of these disturbances and their …
Persistent link: https://www.econbiz.de/10013082608