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This paper provides comprehensive and detailed empirical regression analyses of the sources of wage persistence. Exploring a rich matched employer-employee data set and the estimation of a dynamic panel wage equation with high-dimensional fixed effects, our empirical results show that permanent...
Persistent link: https://www.econbiz.de/10012651711
broadness for mismatch of the unemployed and vacancies across occupations and industries. I empirically find that workers in …
Persistent link: https://www.econbiz.de/10012136711
selling their production and this affects their decisions to create jobs. Due to search-frictins on the product market … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …
Persistent link: https://www.econbiz.de/10004984870
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …
Persistent link: https://www.econbiz.de/10005666594
selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market … their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is …
Persistent link: https://www.econbiz.de/10005700844
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/10005703056
exceed 6 months and their matching rates are highly correlated with the inflow of new vacancies. This job queue …A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment …
Persistent link: https://www.econbiz.de/10005123575
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/10005016867
bargaining in the matching pro-cess from the employer's side. We show that both modes of wage determination coexist in the German …
Persistent link: https://www.econbiz.de/10010980688
bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German …
Persistent link: https://www.econbiz.de/10010980930