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Human capital formation on skill-specific labor markets
Xie, Runli - 2011 - This draft: February, 2011
-specific unemployment ; human capital investment ; idiosyncratic shock ; skill substitution ; search and matching …
Persistent link: https://www.econbiz.de/10008906031
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Human Capital Formation on Skill-Specific Labor Markets
Xie, Runli - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2011
This paper focuses on the dynamic link between skill-specific labor markets with search frictions. Human capital investment is formed through households' endogenous decision, and competes with physical capital investment. Idiosyncratic shock shifts the skilled labor share and changes tightness...
Persistent link: https://www.econbiz.de/10008838971
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The effects of productivity and benefits on unemployment : breaking the link
Brown, Alessio J. G.; Kohlbrecher, Britta; Merkl, Christian - 2017
In the standard macroeconomic search and matching model of the labor market, there is a tight link between the …
Persistent link: https://www.econbiz.de/10011625891
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The effects of productivity and benefits on unemployment : breaking the link
Brown, Alessio J. G.; Kohlbrecher, Britta; Merkl, Christian - 2017
In the standard macroeconomic search and matching model of the labor market, there is a tight link between the …
Persistent link: https://www.econbiz.de/10012111816
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Loss of Skill and Labor Market Fluctuations
Lalé, Etienne - 2018
In this paper, we examine how skill loss can contribute to aggregate labor market fluctuations in the Diamond-Mortensen-Pissarides model. We develop a computationally tractable stochastic version of that model wherein workers accumulate skills on the job and face a risk of skill loss after job...
Persistent link: https://www.econbiz.de/10012936751
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Wage rigidity and labor market dynamics with sorting
Schulz, Bastian - 2015
-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties … market. Additionally, endogenous matching sets fluctuate in response to shocks and amplify job-creation. Using a standard …, the firms' matching sets are wider in equilibrium than the workers' matching sets and fluctuate more in response to shocks. …
Persistent link: https://www.econbiz.de/10011280707
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Labor market dynamics with sorting
Schulz, Bastian - 2023
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741
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High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations
Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012649569
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The geography of job creation and job destruction
Kuhn, Moritz; Manovskii, Iourii; Qiu, Xincheng - 2021
Spatial differences in labor market performance are large and highly persistent. Using data from the United States, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job finding, and job filling within each country. This robust...
Persistent link: https://www.econbiz.de/10012651396
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A New Keynesian model with unemployment : the effect of on-the-job search
Kantur, Zeynep; Keskin, Kerim - 2017
Although New Keynesian models with labor market frictions found an increase in unemployment and a decrease in labor market tightness in response to a positive technology shock (which appears to be in line with recent empirical findings), the volatilities of unemployment and labor market...
Persistent link: https://www.econbiz.de/10011751890