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Structural and cyclical forces in the labor market during the great recession : cross-country evidence

Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2012

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial …

Persistent link: https://www.econbiz.de/10009632676

How Structural Is Unemployment in the United States?

Liu, Yuelin - 2015

In this paper, the role of matching efficiency (equivalently, mismatch) at the aggregate level in driving unemployment … not sensitive to the level of disaggregation by construction. Observing that estimated aggregate matching efficiency lags … business cycles, I identify a structural shock to aggregate matching efficiency using standard timing restrictions. Based on …

Persistent link: https://www.econbiz.de/10013030829

Wage cyclicalities and labor market dynamics at the establishment level: Theory and evidence

Merkl, Christian; Stüber, Heiko - 2016

This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment level. We derive a model that allows for heterogeneous wage cyclicalities across firms over the business cycle and confront the theoretical results with the new AWFP dataset, which...

Persistent link: https://www.econbiz.de/10011582202

Value added, wages, and labor market flows at the establishment level

Merkl, Christian; Stüber, Heiko - 2017

In this paper, we analyze the connection between value added, wages, and labor market ows at the establishment level. For this purpose, we first develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage...

Persistent link: https://www.econbiz.de/10011590562

Value Added, Wages, and Labor Market Flows at the Establishment Level

Merkl, Christian; Stüber, Heiko - 2018

In this paper, we analyze the connection between value added, wages, and labor market flows at the establishment level. We develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage and Labor Market Flow...

Persistent link: https://www.econbiz.de/10011816586

The ins and outs of involuntary part-time employment

Borowczyk-Martins, Daniel; Lalé, Etienne - 2018

We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...

Persistent link: https://www.econbiz.de/10012023910

Comparing solution methods for DSGE models with labor market search

Lan, Hong - 2014 - This Version: September 11, 2014

I compare the performance of solution methods in solving a standard real business cycle model with labor market search …

Persistent link: https://www.econbiz.de/10010405123

Public and private pension systems and macroeconomic volatility in OECD countries

Holzner, Mario; Jestl, Stefan; Pichler, David - 2019

This paper analyses the impact of public pension expenditures and pension funds' assets as well as their benefits on economic volatility. To do so, we use panel data for 35 OECD countries for the period 1980-2018 and apply a set of state-of-the-art econometric estimators. Our results show weak...

Persistent link: https://www.econbiz.de/10012262784

Social Security Contributions and the Business Cycle

Almosova, Anna; Voigts, Simon; Burda, Michael - 2017

This paper examines magnitudes and business cycle dynamics of social security contributions (SSC). In most OECD countries studied, we document a negative covariation of payroll tax burdens with GDP and GDP growth at business cycle frequencies and lower. Changes in average payroll tax burdens are...

Persistent link: https://www.econbiz.de/10011712647

Social Security Contributions and the Business Cycle

Almosova, Anna; Burda, Michael C.; Voigts, Simon - 2017

This paper examines magnitudes and business cycle dynamics of social security contributions (SSC). In most OECD countries studied, we document a negative covariation of payroll tax burdens with GDP and GDP growth at business cycle and lower frequencies. We assess the overall magnitude of the...

Persistent link: https://www.econbiz.de/10011725385