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picture of the interplay between labor market macro-dynamics and business cycle. Nevertheless, existing theoretical literature …
Persistent link: https://www.econbiz.de/10010328615
In this paper, we present an agent-based, evolutionary, model of output- and labor-market dynamics. Firms produce a … and workers hold wage expectations which are adaptively revised on the base of observed market dynamics. A key feature of …
Persistent link: https://www.econbiz.de/10005345345
In this paper, we present an agent-based, evolutionary, model of output- and labor-market dynamics. Firms produce a …
Persistent link: https://www.econbiz.de/10005050886
I argue in this paper that the estimation of wage curves and NAWRUs at the country level suffers from spatial aggregation bias. Using European data for the years 2000-2017, I find steeper country level wage curves and higher NAWRUs, compared to estimating at the underlying regional level. The...
Persistent link: https://www.econbiz.de/10012206752
The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...
Persistent link: https://www.econbiz.de/10010325288
The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...
Persistent link: https://www.econbiz.de/10011373832
Persistent link: https://www.econbiz.de/10012514157
The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...
Persistent link: https://www.econbiz.de/10005137010
The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve...
Persistent link: https://www.econbiz.de/10011257297
In this paper we assess the relationship between labor policies and market outcomes in Bolivia, accounting for a large informal sector mostly comprised of self-employed entrepreneurs. We calibrate a job search and matching model to reproduce labor market features in 2013, a period in which...
Persistent link: https://www.econbiz.de/10014486156