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Kugler, Adriana D. - 2002

Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...

Persistent link: https://www.econbiz.de/10011414855

Interpreting Europe and US labor markets differences : the specificity of human capital investments

Wasmer, Etienne - 2002

while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …

Persistent link: https://www.econbiz.de/10011412475

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

Do informal referrals leads to better matches? : evidence from a firm's employee referral system

Brown, Meta; Setren, Elizabeth; Topa, Giorgio - 2012

The limited nature of data on employment referrals in large business and household surveys has so far impeded our efforts to understand the relationships among employment referrals, match quality, wage trajectories, and turnover. Using a new firm-level data set that includes explicit information...

Persistent link: https://www.econbiz.de/10009580858

The economic effects of employment protection : evidence from International Industry-Level Data

Micco, Alejandro (contributor); Pagés, Carmen (contributor) - 2007

This paper examines the economic effects of employment protection legislation in a sample of developed and developing countries. Implementing a difference-indifferences test lessens the potentially severe endogeneity and omitted variable problems associated with cross-country regressions. This...

Persistent link: https://www.econbiz.de/10003775793

Dual Credit Markets : Income Risk, Household Debt, and Consumption

Matsa, David A.; Melzer, Brian T.; Zator, Michal - National Bureau of Economic Research - 2024

Many young employees work on a temporary basis, which entails significantly greater income risk than "permanent" work, even for jobs in the same occupation and at a similar wage. We find that this income uncertainty leads lenders to ration credit to temporary workers, precisely at the stage of...

Persistent link: https://www.econbiz.de/10015056185

Oil price shocks and labor market fluctuations

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2010

We examine the impact of real oil price shocks on labor market flows in the US We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...

Persistent link: https://www.econbiz.de/10008779924

The importance of two-sided heterogeneity for the cyclicality of labour market dynamics

Bachmann, Ronald; David, Peggy - 2010

Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire mainly unemployed workers, and that they do so...

Persistent link: https://www.econbiz.de/10009312926

Unemployment and endogenous reallocation over the business cycle

Carrillo-Tudela, Carlos; Visschers, Ludo - 2013 - This version: January 2013, First version: June 2010

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...

Persistent link: https://www.econbiz.de/10009691688

Earnings losses and labor mobility over the lifecycle

Jung, Philip; Kuhn, Moritz - 2012

Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...

Persistent link: https://www.econbiz.de/10009620943

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