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Discount factor shocks and labor market dynamics

Albertini, Julien; Poirier, Arthur - 2014

In this paper we investigate the labor market dynamics in a matching model where fluctuations are driven by movements … that the canonical matching model under a very standard calibration is able to generate an important volatility of …

Persistent link: https://www.econbiz.de/10010374578

Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies

van den Berg, Gerard J. - 2003

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...

Persistent link: https://www.econbiz.de/10010261543

Labour Market Matching Efficiency in the Czech Republic Transition

Pedraza, Pablo - 2014

Using the matching function and the monthly and yearly data from 1992 to 2000 of 76 Czech districts, this paper studies … district specific characteristics affecting matching efficiency. Among the conclusions, it was found that the higher the … efficient the matching process. The results give evidence supporting the idea that employed workers participate in the matching …

Persistent link: https://www.econbiz.de/10012708914

Job creation and job destruction in Estonia: labour reallocation and structural changes

Masso, Jaan; Eamets, Raul; Philips, Kaia - 2005

This article documents and analyses gross job flows and their determinants in Estonia over the years 1995-2001, using a database containing the population of officially registered firms in Estonia (all in all 52,000). Our results show that job creation and job destruction rates have been rather...

Persistent link: https://www.econbiz.de/10010267645

They are even larger! More (on) puzzling labor market volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...