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search effort of unemployed workers reinforces our main results. -- Job search ; matching ; life cycle …
Persistent link: https://www.econbiz.de/10003748465
This paper examines the age-related design of firing taxes by extending the theory of job creation and job destruction … matching process, we find that the first best age-dynamic of firing taxes and hiring subsidies is typically hump-shaped. Taking …
Persistent link: https://www.econbiz.de/10013324764
A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy....
Persistent link: https://www.econbiz.de/10012782550
Persistent link: https://www.econbiz.de/10003893987
Globalization has entered a new stage, with new and varying constellations of winners and losers and thus, calls for a new policy paradigm. In contrast to the traditional way of thinking - the welfare state redistributes purchasing power to the disadvantaged to support them in the event of...
Persistent link: https://www.econbiz.de/10010460018
build on a partial equilibrium search and matching model and expand the model to a general equilibrium model with sticky … sticky price model outperforms the staggered wage model in terms of matching volatilities, while the combination of both … rigidities matches the data reasonably well. -- Search and Matching ; Staggered Wages ; Sticky Prices …
Persistent link: https://www.econbiz.de/10003948565
The Diamond-Mortensen-Pissarides search and matching model is the workhorse of labor macro, but it has difficulty in … simultaneously matching the cyclical behavior of job loss and vacancies when taken to the data. By completely ignoring frictions in …
Persistent link: https://www.econbiz.de/10003983005
Persistent link: https://www.econbiz.de/10009702409
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …
Persistent link: https://www.econbiz.de/10008905754
Persistent link: https://www.econbiz.de/10010199483