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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael U.; Lubik, Thomas A. - 2004
matching model suggests much lower volatitilities of these variables. Intuitively, in a boom, rising search activity on the job …
Persistent link: https://www.econbiz.de/10010293492
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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael; Lubik, Thomas A. - 2007
We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies induce more on-the-job search. By keeping job creation costs low for firms,...
Persistent link: https://www.econbiz.de/10010295852
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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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The time trend in the matching function
Poeschel, Friedrich - 2012
trends in empirical matching functions. We investigate whether these trends simply arise from omitted variable bias … variable bias. As suggested by this result, we present evidence that empirical matching functions can be interpreted as … versions of the law of motion for vacancies: the coefficients in matching functions coincide with the coefficients in the law …
Persistent link: https://www.econbiz.de/10010323804
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Unemployment benefits and unemployment in the great recession: The role of macro effects
Hagedorn, Marcus; Karahan, Fatih; Manovskii, Iourii; … - 2013
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of...
Persistent link: https://www.econbiz.de/10010333564
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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael U.; Lubik, Thomas A. - 2007
We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies increases job search. By keeping job creation costs low for firms,...
Persistent link: https://www.econbiz.de/10011604825
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The cyclical behavior of equilibrium unemployment and vacancies revisited
Hagedorn, Marcus; Manovskii, Iourii - 2008
Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation and cyclicality of wages to identify...
Persistent link: https://www.econbiz.de/10011604899
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Testing for Asymmetry in British, German and US Unemployment Data
Kohns, Stephan - 2001
macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an …, which is consistent with the pattern implied by matching models with endogenous job destruction. …
Persistent link: https://www.econbiz.de/10010262548
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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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Wage rigidity and job creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10010270767