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market incompleteness to the standard Mortensen-Pissarides model of search and matching and explore the model's cyclical …
Persistent link: https://www.econbiz.de/10013139259
incompleteness to the standard Mortensen-Pissarides model of search and matching and explore the model's cyclical properties. There …
Persistent link: https://www.econbiz.de/10012706178
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a 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...
Persistent link: https://www.econbiz.de/10014507553
/DiNardo, 1991) or a matching model with on-the-job search and cyclical selection (Hagedorn/Manovskii, 2013). The data suggests that … (2013) für den deutschen Arbeitsmarkt befürwortet wird. Die Daten zeigen einerseits einen Zusammenhang zwischen der …
Persistent link: https://www.econbiz.de/10011544266
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
understanding unemployment fluctuations in matching models. …
Persistent link: https://www.econbiz.de/10011756338
Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within employment matches. To address both concerns, we estimate...
Persistent link: https://www.econbiz.de/10014248987
This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...
Persistent link: https://www.econbiz.de/10011398923
This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...
Persistent link: https://www.econbiz.de/10010495327
This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...
Persistent link: https://www.econbiz.de/10013320887