Similar Search Results

The accuracy of job seekers' wage expectations

Caliendo, Marco; Mahlstedt, Robert; Schmeißer, Aiko; … - 2024

We study the accuracy of job seekers' wage expectations by comparing subjective beliefs to objective benchmarks using linked administrative and survey data. Our findings show that especially job seekers with low objective earnings potential and those predicted to face a penalty compared to their...

Persistent link: https://www.econbiz.de/10015044969

The interplay between trade unions and the social security system in an aging economy

Friese, Max - 2017

The paper investigates the impacts of demographic change on the financial sustainability of a pay-as-you-go social security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations approach, it can be shown that the trade union behavior...

Persistent link: https://www.econbiz.de/10011592074

Information frictions and labor market outcomes

Cardoso, Ana Rute; Loviglio, Annalisa; Piemontese, Lavinia - 2015

We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search … theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using … rate and which is known to influence regional wages. Results show that when subjective perceptions overstate the …

Persistent link: https://www.econbiz.de/10010528571

The cyclical behavior of equilibrium unemployment and vacancies across OECD countries

Amaral, Pedro S.; Tasci, Murat - 2014 - This version: November 19, 2013

We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …

Persistent link: https://www.econbiz.de/10010251658

Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

-country, two-sector search and matching DSGE model, we analyze the impact of labor market reforms on the transmission of …

Persistent link: https://www.econbiz.de/10010429757

Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

-country, two-sector search and matching DSGE model, we analyze the impact of labor market reforms on the transmission of …

Persistent link: https://www.econbiz.de/10010403902

Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

-country, two-sector search and matching DSGE model, we analyze the impact of labor market reforms on the transmission of …

Persistent link: https://www.econbiz.de/10010406816

Lessons for forecasting unemployment in the United States : use flow rates, mind the trend

Meyer, Brent; Tasci, Murat - 2015

This paper evaluates the ability of autoregressive models, professional forecasters, and models that incorporate unemployment flows to forecast the unemployment rate. We pay particular attention to flows-based approaches - the more reduced-form approach of Barnichon and Nekarda (2012) and the...

Persistent link: https://www.econbiz.de/10010484066

Household search and the aggregate labor market

Mankart, Jochen; Oikonomou, Rigas - 2015

We develop a theoretical model with labor market frictions, incomplete financial markets and with households which have two members. Households face unemployment risks but their members adjust their labor supplies to insure against unemployment. We use the model to explain the cyclical...

Persistent link: https://www.econbiz.de/10011312576

Revisiting the hypothesis of high discounts and high unemployment

Martellini, Paolo; Menzio, Guido; Visschers, Ludo - 2019

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...

Persistent link: https://www.econbiz.de/10012026394