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Discount factor shocks and labor market dynamics
Albertini, Julien; Poirier, Arthur - 2014
In this paper we investigate the labor market dynamics in a matching model where fluctuations are driven by movements … that the canonical matching model under a very standard calibration is able to generate an important volatility of …
Persistent link: https://www.econbiz.de/10010374578
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Beyond Cobb-Douglas: flexibly estimating matching functions with unobserved matching efficiency
Lange, Fabian; Papageorgiou, Theodore - 2020
the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires …. First, we show how to non-parametrically identify the matching function. Second, we estimate the matching function allowing … for unobserved matching efficacy, without imposing the usual independence assumption between matching efficiency and …
Persistent link: https://www.econbiz.de/10012206513
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Matching efficiency and heterogeneous workers in the UK
Lisauskaitė, Elena - 2022
The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …
Persistent link: https://www.econbiz.de/10013414379
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Labor Market Flows and Equilibrium Search Unemployment
Wasmer, Etienne; Garibaldi, Pietro - 2021
labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …
Persistent link: https://www.econbiz.de/10013320711
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Search, flows, job creations and destructions
Cahuc, Pierre - 2014
This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very...
Persistent link: https://www.econbiz.de/10010355704
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The Job Search Intensity Supply Curve : How Labor Market Conditions Affect Job Search Effort
Schwartz, Jeremy S. - 2014
During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open positions (as measured by the Help Wanted OnLine Index) more than tripled. The weak labor market prompted an unprecedented extension in the length of time in which a claimant can...
Persistent link: https://www.econbiz.de/10014142791
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The Job Search Intensity Supply Curve : How Labor Market Conditions Affect Job Search Effort
Schwartz, Jeremy S. - 2014
During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open positions (as measured by the Help Wanted OnLine Index) more than tripled. The weak labor market prompted an unprecedented extension in the length of time in which a claimant can...
Persistent link: https://www.econbiz.de/10013048461
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The job search intensity supply curve : how labor market conditions affect job search effort
Schwartz, Jeremy - 2014
During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open positions (as measured by the Help Wanted OnLine Index) more than tripled. The weak labor market prompted an unprecedented extension in the length of time in which a claimant can...
Persistent link: https://www.econbiz.de/10010403637
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Job search and savings : wealth effects and duration dependence
Lentz, Rasmus; Tranæs, Torben - 2001
In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment; layoffs are random and beyond the worker s influence, while the re-employment chance is directly affected by search effort. We characterize the worker s optimal savings and job-search...
Persistent link: https://www.econbiz.de/10011398412
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Separations at the firm level
Gautier, Pieter; Berg, Gerard J. van den; Ours, Jan C. van - 1999
This paper analyzes the determinants of lay-offs, job-to-job movements and totalseparations with a unique data set that combines information on individual firmsand their workers. We are in particular interested in whether the lay-offpolicy of firms can explain the relatively high level of...
Persistent link: https://www.econbiz.de/10011300551