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Why don't firms hire young workers during recessions? : a replication of Forsythe (The Economic Journal, 2022)
Créchet, Jonathan; Cui, Jing; Sabada, Barbara; Sawyer, … - 2024
We replicate results of Forsythe (2022) studying the cyclicality of individuals' labor market transitions conditional on their experience. Using Current Population Survey (CPS) data and state-level variations in the unemployment rate, this paper shows that the hiring probability of youths is...
Persistent link: https://www.econbiz.de/10015073597
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Firms' employment dynamics and the state of the labor market
Stadin, Karolina - 2015
According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm …
Persistent link: https://www.econbiz.de/10011373159
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The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics
Bachmann, Ronald - 2010
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire mainly unemployed workers, and that they do so...
Persistent link: https://www.econbiz.de/10013135186
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2022
This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric … movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative … tightness. Our model explains a large fraction of the matching efficiency decline during the Great Recession and generates state …
Persistent link: https://www.econbiz.de/10013185150
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The unemployed with jobs and without jobs
Hall, Robert Ernest; Kudlyak, Marianna - 2022
Potential workers are classified as unemployed if they seek work but are not working. The unemployed population contains two groups - those with jobs and those without jobs. Those with jobs are on furlough or temporary layoff. This group expanded tremendously in April 2020, at the trough of the...
Persistent link: https://www.econbiz.de/10013168892
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The blighted youth : the impact of recessions and policies on life-cycle unemployment
Lopez-Martin, Bernabe; Takayama, Naoki - 2015
We construct a theoretical model of labor markets with human capital accumulation to understand and quantify the earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital accumulation, which adversely affects long-term income...
Persistent link: https://www.econbiz.de/10011389663
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Unemployment benefits and unemployment in the great recession: The role of macro effects
Hagedorn, Marcus; Karahan, Fatih; Manovskii, Iourii; … - 2013
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of...
Persistent link: https://www.econbiz.de/10010333564
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The cyclical behavior of equilibrium unemployment and vacancies revisited
Hagedorn, Marcus; Manovskii, Iourii - 2008
Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation and cyclicality of wages to identify...
Persistent link: https://www.econbiz.de/10011604899
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Vacancy matching and labor market conditions
Stadin, Karolina - 2012
the number of unemployed are not very important. Matching frictions are more important for employment during booms than …
Persistent link: https://www.econbiz.de/10010321379
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Establishments dynamics and matching frictions in classical competitive equilibrium
Veracierto, Marcelo (contributor) - 2007
This paper develops a Walrasian equilibrium theory of establishment level dynamics and matching frictions and uses it … to evaluate the effects of congestion externalities in the matching process and determine the government interventions … an important role in dampening the response of the economy to aggregate productivity shocks. -- Firm dynamics ; matching …
Persistent link: https://www.econbiz.de/10003679758