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are flexible, the standard deviation of unemployment in a model with rigid wages for incumbent workers (only) matches the …
Persistent link: https://www.econbiz.de/10011526914
are flexible, the standard deviation of unemployment in a model with rigid wages for incumbent workers (only) matches the …
Persistent link: https://www.econbiz.de/10011518661
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003827155
cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …
Persistent link: https://www.econbiz.de/10012729156
of incumbent workers have substantial effects on separations and unemployment volatility. Allowing for an empirically … relevant degree of wage rigidities for incumbent workers drives unemployment volatility, as well as the volatility of vacancies …
Persistent link: https://www.econbiz.de/10011824271
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10013324956
This paper studies the role of worker learning in a labor market where workers have incomplete information about the quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job experience. Allowing workers to learn from...
Persistent link: https://www.econbiz.de/10011798979
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012288522
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012268078
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012269069