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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2009
. -- Wage Rigidity ; Search and Matching Model ; Business Cycle …
Persistent link: https://www.econbiz.de/10003827155
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Too many graduates? : an application of the Gottschalk-Hansen model to young British graduates between 2001-2010
O'Leary, Nigel; Sloane, Peter J. - In: Oxford economic papers 68 (2016) 4, pp. 945-967
Persistent link: https://www.econbiz.de/10011578790
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Too many graduates? : an application of the Gottschalk-Hansen model to young British graduates between 2001 - 2010
O'Leary, Nigel; Sloane, Peter J. - 2014
There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education...
Persistent link: https://www.econbiz.de/10010398727
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Matching Efficiency and Heterogeneous Workers in the UK
Lisauskaite, Elena - 2022
The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …
Persistent link: https://www.econbiz.de/10014244287
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Qualifikationsunterschiede und die Dynamik der Arbeitsnachfrage
Kohns, Stephan - 2002
Persistent link: https://www.econbiz.de/10001691351
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Wage Rigidity and Job Creation
Haefke, Christian - 2007
Shimer (2005) and Hall (2005) have documented the failure of standard labor market search models to match business cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as suggested by the model, which would explain why...
Persistent link: https://www.econbiz.de/10012729156
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2021
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10013324956
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A Test between Unemployment Theories Using Matching Data
Coles, Melvyn G.; Petrongolo, Barbara - 2021
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …
Persistent link: https://www.econbiz.de/10013320025
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Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies
Eyigungor, Burcu - 2019
In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account …
Persistent link: https://www.econbiz.de/10012706057
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Class ridden or meritocratic? : an economic analysis of recent changes in Britain
Galindo-Rueda, Fernando; Vignoles, Anna - 2002
In a meritocratic society an individual's economic success is determined by their ability, not by their parents' socio-economic status. We assess whether meritocracy has increased in both the British education system and labour market. The richness of our longitudinal data enables us to look at...
Persistent link: https://www.econbiz.de/10011415585