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Beveridgean unemployment gap
Michaillat, Pascal; Saez, Emmanuel - In: Journal of public economics plus 2 (2021), pp. 1-17
post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …
Persistent link: https://www.econbiz.de/10012800439
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Labor Market Cycles, Unemployment Insurance Eligibility, and Moral Hazard
Faig, Miquel; Zhang, Min - In: Review of Economic Dynamics 15 (2012) 1, pp. 41-56
If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If individuals are risk neutral, then there is a UI contribution scheme that eliminates any effect of UI on employment decisions. As with...
Persistent link: https://www.econbiz.de/10009293001
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Cyclical behavior of unemployment and job vacancies in Japan
Miyamoto, Hiroaki - In: Japan and the World Economy 23 (2011) 3, pp. 214-225
This paper studies whether the Mortensen and Pissarides (MP) search and matching model can explain the observed labor … fluctuations of unemployment and job vacancies, it cannot generate the observed unemployment and vacancy fluctuations in response … to productivity shock of reasonable size. This paper extends the matching model by incorporating firm-specific training …
Persistent link: https://www.econbiz.de/10010574383
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The Ins and Outs of Involuntary Part-time Employment
Borowczyk-Martins, Daniel; Lalé, Etienne - 2018
We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10012142390
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The output gap, the labor wedge, and the dynamic behavior of hours
Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2010
We use a standard quantitative business cycle model with nominal price and wage rigidities to estimate two measures of economic ineffciency in recent U.S. data: the output gap - the gap between the actual and effcient levels of output - and the labor wedge - the wedge between households'...
Persistent link: https://www.econbiz.de/10010320744
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On the cyclicality of unemployment: Resurrecting the participation margin
Ebell, Monique - In: Labour Economics 18 (2011) 6, pp. 822-836
This paper considers a real business cycle model with search frictions in the labor market and labor supply which is …
Persistent link: https://www.econbiz.de/10010573899
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Labor Taxation, Matching and Shocks in the New Keynesian Model
Vanhala, Juuso - Society for Computational Economics - SCE - 2006
shocks. We construct a New Keynesian business cycle model with matching frictions of the labor market, where sluggish …
Persistent link: https://www.econbiz.de/10005132603
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Macroprudential policy and labor market dynamics in Latin America
Finkelstein Shapiro, Alan; González Gomez, Andrés - 2015
This paper builds a small open economy business cycle model with labor and financial market frictions that incorporates frictional, endogenous self-employment entry and a link between formal credit markets, informal credit, and the labor market. The paper then shows that the model is consistent...
Persistent link: https://www.econbiz.de/10011290968
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A single monetary policy for heterogeneous labour markets : the case of the euro area
Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that …
Persistent link: https://www.econbiz.de/10013492935
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Where Did They Go?
Frederiksen, Anders; Westergård-Nielsen, Niels Christian - 2002
We study individual job-separations and their associated destination states for all individuals in the private sector in Denmark for the period 1980 to 1995 and account for the cyclical flows. We find that individual and workplace characteristics as well as business cycle effects are important...
Persistent link: https://www.econbiz.de/10010277230