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fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …
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between employment and unemployment states are identified using monthly transition expectations. Firstly, it is shown that … are not sensitive to either anticipated transition into unemployment or anticipated transition into employment which is in …
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between employment and unemployment states are identified using monthly transition expectations. Firstly, it is shown that … are not sensitive to either anticipated transition into unemployment or anticipated transition into employment which is in …
Persistent link: https://www.econbiz.de/10013027008
fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …
Persistent link: https://www.econbiz.de/10013142668
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