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What can a New Keynesian labor matching model match?
Reicher, Christopher Phillip - 2009
A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …
Persistent link: https://www.econbiz.de/10010265220
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Endogenous On-the-job Search and Frictional Wage Dispersion
Hertweck, Matthias S. - 2010
This paper addresses the large degree of frictional wage dispersion in US data. The standard job matching model without …-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the …
Persistent link: https://www.econbiz.de/10011390647
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Endogenous on-the-job search and frictional wage dispersion
Hertweck, Matthias S. - 2010
This paper addresses the large degree of frictional wage dispersion in US data. The standard job matching model without …-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the …
Persistent link: https://www.econbiz.de/10008662485
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The macro-dynamics of sorting between workers and firms
Lise, Jeremy; Robin, Jean-Marc - 2013
We develop an equilibrium model of on-the-job search with ex-ante heterogeneous workers and firms, aggregate uncertainty and vacancy creation. The model produces rich dynamics in which the distributions of unemployed workers, vacancies and worker-firm matches evolve stochastically over time. We...
Persistent link: https://www.econbiz.de/10009785890
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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael; Lubik, Thomas A. - 2007
, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …
Persistent link: https://www.econbiz.de/10010295852
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Sorting and the output loss due to search frictions
Gautier, Pieter; Teulings, Coen N. - 2012
. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011382706
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Hiring and firing costs, adverse selection and long-term unemployment
Kugler, Adriana D.; Saint-Paul, Gilles - 2000
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10011325985
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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - 2011
. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10010325738
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Sorting and the output loss due to search frictions
Gautier, Pieter; Teulings, Coen N. - 2011
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …
Persistent link: https://www.econbiz.de/10010276876
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Ranking of job applicants, on-the-job search, and persistent unemployment
Eriksson, Stefan; Gottfries, Nils - 2000
job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …
Persistent link: https://www.econbiz.de/10011573073