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 wages. Measured by the labor's user cost, the price of labor is …

match to control for match quality. Using NLSY data for 1980 to 2019, we identify three channels by which hiring in a …

U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the … dynamic behavior of the labor share of GDP. The counter-cyclicality of hiring rates and job values, which may appear counter …

volatility of vacancies and unemployment. This channel can be relevant if the lack of insurance is large enough so that the …

-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …

vacancies in the local labor market, and what impact it has on employment. A greater availability of unemployed workers should … make it easier for a firm to fill a vacancy but more vacancies at other firms should make it more difficult, due to the … unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …

vacancies in the local labor market, and what impact it has on employment. A greater availability of unemployed workers should … make it easier for a firm to fill a vacancy but more vacancies at other firms should make it more difficult, due to the … unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …