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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

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

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

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

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

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

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

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

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10010277955

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

Persistent link: https://www.econbiz.de/10010278021