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Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10014083951
The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend … unemployment rates is more sensitive to cyclical behavior for certain demographic groups, specifically unskilled and young workers …
Persistent link: https://www.econbiz.de/10013155345
Die Entwicklung von Arbeitslosigkeit und Beschäftigung wird maßgeblich von den Übergängen auf dem Arbeitsmarkt … Arbeitslosigkeit in Abhängigkeit von strukturellen Schocks * Modellierung von Einstellungen mithilfe einer Matchingfunktion. …
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The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend … factors to translate unobserved shocks to the labor market into observed cellspecific unemployment rates as well as bilateral …
Persistent link: https://www.econbiz.de/10003354565
increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …
Persistent link: https://www.econbiz.de/10003323028
The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions … between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend … unemployment rates is more sensitive to cyclical behavior for certain demographic groups, specifically unskilled and young workers …
Persistent link: https://www.econbiz.de/10003884974
We study the relationship between cyclical job and worker flows at the establishment level using the new German AWFP dataset spanning from 1975–2014. We find that worker turnover moves more procyclical than job turnover. This procyclical worker churn takes place along the entire employment...
Persistent link: https://www.econbiz.de/10011585890