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The relevance of post-match LTC : why has the Spanish labor market become as volatile as the US one?

Sala, Hector (contributor); Silva, José Ignacio (contributor) - 2005

We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover Costs (PMLTC) to be the centerpiece to explain why the...

Persistent link: https://www.econbiz.de/10003158646

The high sensitivity of employment to agency costs : the relevance of wage rigidity

Hristov, Atanas - 2010

comovements between output and labor share. -- Credit and search frictions ; Labor market ; Unemployment …

Persistent link: https://www.econbiz.de/10008663379

A fair wage explanation of labour market volatility

Jump, Robert - 2014

unemployment across a sample of OECD countries. Using an incomplete markets variant of the fair wage real business cycle model …, increases in the gross replacement rate of public unemployment insurance are shown to increase the volatility of employment, and … which unemployment is endogenised in the model. …

Persistent link: https://www.econbiz.de/10010437753

Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies

Eyigungor, Burcu - 2019

for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …

Persistent link: https://www.econbiz.de/10012706057