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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012288522
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012268078
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012269069
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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
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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
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Endogenous separations, wage rigidities and employment volatility
Carlsson, Mikael; Westermark, Andreas - 2016
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
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Endogenous separations, wage rigidities and employment volatility
Carlsson, Mikael; Westermark, Andreas - 2016
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
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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
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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2009
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
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Wage Rigidity and Job Creation
Haefke, Christian - 2007
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