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The aggregate effects of long run sectoral reallocation
Boeing-Reicher, Claire - 2014
, have provoked a discussion about mismatch and the Beveridge Curve, alongside a discussion about firm-level dispersion …
Persistent link: https://www.econbiz.de/10010360956
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012268078
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012269069
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Job Duration and Match Quality Over the Cycle
Mustre-del-Rio, Jose - 2016
This paper examines how job quality varies over the cycle. Empirical evidence from the National Longitudinal Survey of Youth (NLSY) suggests match quality is procyclical. This interpretation is corroborated in a calibrated model with on-the-job search. In the model, more high quality matches are...
Persistent link: https://www.econbiz.de/10013007731
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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 aggregate shocks move the hiring cutoff into a part...
Persistent link: https://www.econbiz.de/10013185150
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012288522
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The cyclical behavior of equilibrium unemployment and vacancies across OECD countries
Amaral, Pedro S.; Tasci, Murat - 2014 - This version: November 19, 2013
We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...
Persistent link: https://www.econbiz.de/10010251658
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Beveridgean unemployment gap
Michaillat, Pascal; Saez, Emmanuel - In: Journal of public economics plus 2 (2021), pp. 1-17
post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to …
Persistent link: https://www.econbiz.de/10012800439
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - This Version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011447126
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340