Showing 1 - 10 of 20,412
VAR methods have been used to model the inter-relationships between inflows and outflows into unemployment and vacancies using tools such as impulse response analysis. In order to investigate whether such impulse responses change over the course of the business cycle or over time, this paper...
Persistent link: https://www.econbiz.de/10009653401
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10010324801
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched …
Persistent link: https://www.econbiz.de/10010262031
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …
Persistent link: https://www.econbiz.de/10010271933
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs …
Persistent link: https://www.econbiz.de/10010272689
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the possibility of multiple applications by workers and ex post competition among vacancies. For any number of applications, there is a unique symmetric equilibrium in which vacancies...
Persistent link: https://www.econbiz.de/10010273996
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10010276187
This paper uses the search and matching framework to explore the impact of employed job search on the labour market …
Persistent link: https://www.econbiz.de/10010276889
This paper revisits the normative properties of search-matching economies when homogeneous workers have concave utility …
Persistent link: https://www.econbiz.de/10010276945
This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobservable productivity levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor demand and wages. Compared to their efficient...
Persistent link: https://www.econbiz.de/10010276950