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assess the importance of each worker flow to account for participation and unemployment rates over the life-cycle. We find that … substantially account for low participation and unemployment among old workers. Our results show that labor search models that do …We estimate life-cycle transition probabilities between employment, unemployment and inactivity for U.S. workers. We …
Persistent link: https://www.econbiz.de/10014158497
document how worker flows between employment, unemployment, and out of the labor force vary by gender and age and contribute to … participation) and intensive margin (i.e., variable intensity) of search effort. The model attributes a major role to the production …
Persistent link: https://www.econbiz.de/10014502913
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10014025126
) Regarding gender differences: transition involving non-participation matters more in the variance of female unemployment and … employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the …
Persistent link: https://www.econbiz.de/10012415847
hire much more workers from unemployment than large firms, and that they do so at the very beginning of an economic …. Transitions from unemployment to employment at large firms are generally found to be more (pro-)cyclical. However, this stylised …
Persistent link: https://www.econbiz.de/10011916605
This paper studies the role of worker learning in a labor market where workers have incomplete information about the quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job experience. Allowing workers to learn from...
Persistent link: https://www.econbiz.de/10011798979
We provide new estimates on worker flow rates in and out of unemployment for Germany covering the last six decades. In … the 1980s, Germany emerged as the sick man of Europe with a labor market characterized by persistently high unemployment … rates. We attribute a substantial fraction of the rise in unemployment to a dramatic increase in inflow rates compared to …
Persistent link: https://www.econbiz.de/10011580823
increased probability that employed workers become unemployed and with a reduction in worker flows from unemployment to …
Persistent link: https://www.econbiz.de/10012133371
Persistent link: https://www.econbiz.de/10009720720
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012614112