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This paper contributes to the debate concerning the micro-foundation of matching functions in frictional labor markets. The focus is on a particular matching regime, i.e., the so-called urn-ball process. It is shown that in a two-sector economy, even in the presence of heterogeneous workers, the...
Persistent link: https://www.econbiz.de/10009782023
in the number of vacancies has a very weak effect on the number of unemployed workers being hired: unemployed workers … appear to be unable to compete for many available jobs. Vacancies are filled quickly and there is no (or only weak) evidence … that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …
Persistent link: https://www.econbiz.de/10011568900
in the number of vacancies has a weak effect on the number of unemployed workers being hired: unemployed workers appear … to be unable to compete for many available jobs. Vacancies are filled quickly and there is no (or only weak) evidence … that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …
Persistent link: https://www.econbiz.de/10011588051
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low … inflow of new vacancies. We construct a simple model with on-the-job search and show that it is broadly consistent with the …
Persistent link: https://www.econbiz.de/10012026458
We use a novel data set on firm vacancies and job seekers from a Mexican government job placement service to analyze …
Persistent link: https://www.econbiz.de/10010370084
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job …
Persistent link: https://www.econbiz.de/10012651396
percent increase in the state-level effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …
Persistent link: https://www.econbiz.de/10013187552
percent increase in the statelevel effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …
Persistent link: https://www.econbiz.de/10013192234
In the traditional labor supply–demand approach, unemployment usually results from a lack of labor demand or excess of labor supply. However, in urban China, unemployment coexists with a conflicting phenomenon, shortage of workers in firms. In this study, we employ a novel approach to tackle...
Persistent link: https://www.econbiz.de/10010608698
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job …
Persistent link: https://www.econbiz.de/10012663064