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We study the effect of financial shocks in labor market dynamics. We build a model with two types of labor, two types of capital and both search and financial frictions. We find that financial shocks, modeled as exogenous disturbances to the borrowing constraint of firms, can generate realistic...
Persistent link: https://www.econbiz.de/10013050545
Persistent link: https://www.econbiz.de/10003789445
individual-level data for West Germany for the period 1983 to 1994, this paper explores both the demographic heterogeneity of … German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to …
Persistent link: https://www.econbiz.de/10001501442
individual-level data for West Germany for the period 1983 to 1994, this paper explores both the demographic heterogeneity of … German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to …
Persistent link: https://www.econbiz.de/10014163654
Persistent link: https://www.econbiz.de/10013460383
individual-level data for West Germany for the period 1983 to 1994, this paper explores both the demographic heterogeneity of … German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to …
Persistent link: https://www.econbiz.de/10001449808
individual-level data for West Germany for the period 1983 to 1994, this paper explores both the demographic heterogeneity of … German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to …
Persistent link: https://www.econbiz.de/10011317480
Persistent link: https://www.econbiz.de/10012313044
unemployment and transition rates differs between East and West Germany, as well as between the sexes. In East Germany, all …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 …
Persistent link: https://www.econbiz.de/10003354565
. Heterogeneity in unemployment and transition rates differ between East and West Germany, as well as between the sexes. In East …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 …
Persistent link: https://www.econbiz.de/10003884974