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High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations
Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012649569
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Knowledge, location, and internationalization : empirical evidence for manufacturing SMEs
Lejpras, Anna - 2012
This paper investigates the links between locational conditions, innovative capabilities and internationalization of manufacturing SMEs. Two modes of foreign market servicing are explored: exporting activity and relocating of selected business activities abroad. The empirical analysis employs...
Persistent link: https://www.econbiz.de/10009579357
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Price effects of multimarket contact among movie chains in small US metropolitan areas
Feinberg, Robert Mark - In: Economics letters 123 (2014) 1, pp. 6-8
Persistent link: https://www.econbiz.de/10010396568
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The relevance of post-match LTC : why has the Spanish labor market become as volatile as the US one?
Sala, Hector (contributor); Silva, José Ignacio (contributor) - 2005
stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover …
Persistent link: https://www.econbiz.de/10003158646
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Interlocked Executives and Insider Board Members : An Empirical Analysis
Gayle, George-Levi - 2019
This paper asked the question of whether the behavior and compensation of interlocked executives and non-independent board of directors are consistent with the hypothesis of governance problem or whether this problem is mitigated by implicit and market incentives. It then analyzes the role of...
Persistent link: https://www.econbiz.de/10012903789
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CEO Turnover and Volatility under Long-Term Employment Contracts
Cziraki, Peter - 2020
We study the role of the contractual time horizon of CEOs for CEO turnover and corporate policies. Using hand …-collected data on 3,954 fixed-term CEO contracts, we show that remaining time under contract predicts CEO turnover. When contracts … are close to expiration, turnover is more likely and is more sensitive to performance. We also show a positive within …
Persistent link: https://www.econbiz.de/10012856892
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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 for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author argues that if vintage specific shocks rather than aggregate...
Persistent link: https://www.econbiz.de/10012706057
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Flexibility at the Margin and Labor Market Volatility in OECD Countries
Sala, Hector - 2012
We study the business cycle behavior of segmented labor markets with flexibility at the margin (e.g., just affecting fixed-term employees) and ask whether these types of labor markets can display similar volatilities as fully deregulated ones. We present a matching model with temporary and...
Persistent link: https://www.econbiz.de/10012754818
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The Relevance of Post-Match Ltc : Why Has the Spanish Labor Market Become as Volatile as the Us One?
Sala, Hector; Silva, José I. - 2021
stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover …
Persistent link: https://www.econbiz.de/10013318172
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Flexibility at the Margin and Labor Market Volatility in OECD Countries
Sala, Hector; Silva, José I.; Toledo, Manuel - 2021
We study whether segmented labor markets with flexibility at the margin (e.g., just affecting fixed-term employees) can achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs among matched workers that cause fixed-term...
Persistent link: https://www.econbiz.de/10013324855