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Labor Market Dynamics under Long Term Wage Contracting
Rudanko, Leena - Society for Economic Dynamics - SED - 2006
This paper introduces risk averse workers into a search and matching model and considers the quantitative performance … search and matching models. …
Persistent link: https://www.econbiz.de/10005090796
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The Consumption-Tightness Puzzle
Ravn, Morten O. - Department of Economics, European University Institute - 2006
forgoing the expected benefits of being search active and engaging in costly labor market search. The model induces a symmetry … in firms’ and workers’ search decision since both sides of the labor market vary search effort at the extensive margins … allowing for the extensive search margin. …
Persistent link: https://www.econbiz.de/10005557736
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The Consumption-Tightness Puzzle
Ravn, Morten O - C.E.P.R. Discussion Papers - 2006
expected benefits of being search active and engaging in costly labour market search. In contrast to models with constant … labour force participation, the model that we analyse induces a symmetry in firms' and workers' search decision since both … sides of the labour market vary search effort at the extensive margins. We show that this set-up is (a) of considerable …
Persistent link: https://www.econbiz.de/10005667092
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Le marché du travail dans la crise : un cadrage statistique
Marchand, Olivier; Minni, Claude - In: Revue de l'OFCE n° 115 (2010) 4, pp. 63-80
The economic crisis of 2008-2009, the most important that France knew since the Second world war, had a significant impact on the employment situation but, in relation with the fall of the production, the observed destructions of jobs were less large this time than during the recession of...
Persistent link: https://www.econbiz.de/10008765862
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Establishments dynamics and matching frictions in classical competitive equilibrium
Veracierto, Marcelo - 2007
This paper develops a Walrasian equilibrium theory of establishment level dynamics and matching frictions and uses it to evaluate the effects of congestion externalities in the matching process and determine the government interventions that are needed to implement a Pareto optimal allocation....
Persistent link: https://www.econbiz.de/10010292153
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Payroll Taxes, Social Insurance and Business Cycles
Burda, Michael C.; Weder, Mark - 2010
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance …
Persistent link: https://www.econbiz.de/10010272039
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Payroll taxes, social insurance and business cycles
Burda, Michael C.; Weder, Mark - 2010
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance …
Persistent link: https://www.econbiz.de/10010285522
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Consumption Dynamics under Time-Varying Unemployment Risk
Harmenberg, Karl; Ôberg, Erik - 2019
Private consumption demand falls in response to increased unemployment risk during a recession, as households increase their precautionary savings and postpone irreversible durable investments. The postponement effect is seven times as large as the precautionary-savings effect in a calibrated...
Persistent link: https://www.econbiz.de/10012142400
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Uncovering the Mechanism(s): Financial Constraints and Wages
Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020
How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment and explore their effect on wages. First, the financial...
Persistent link: https://www.econbiz.de/10012497880
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The self-employment option in rigid labor markets : an empirical investigation
Garcia-Cabo, Joaquin; Madera, Rocio - 2019
This paper studies selection into and returns to self-employment in labor markets with stringent employment protection. Using Spanish administrative panel data, we characterize self-employment dynamics in the presence of rigidities that affect workers’ outside options. We document the...
Persistent link: https://www.econbiz.de/10012126166