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Using mobility report card data, I show graduates of less selective universities experience more adverse impacts of graduating in a recession. I highlight one mechanism: during recessions employers stop recruiting at less selective universities. Using a unique dataset of employer recruiting...
Persistent link: https://www.econbiz.de/10012550221
the investment rate depends mostly on future returns. -- gross investment ; gross hiring ; frictions ; business cycles …The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores ….S. data, it shows that the model with frictions is able to fit the data. A key element is the interaction of hiring and …
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When hiring new workers, employers use a wide variety of different recruiting methods in addition to posting a vacancy …
Persistent link: https://www.econbiz.de/10012296346
U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the … dynamic behavior of the labor share of GDP. The counter-cyclicality of hiring rates and job values, which may appear counter …
Persistent link: https://www.econbiz.de/10011346601
We adapt the models of Menzio and Moen (2010) and Snell and Thomas (2010) to consider a labour market in which firms can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there exists an incentive for firms to smooth wages. Real wages...
Persistent link: https://www.econbiz.de/10010237280
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire much more workers from unemployment than large...
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