This paper develops a Walrasian equilibrium theory of establishment dynamics and matching frictions and uses it to analyze business cycle fluctuations. Two scenarios are considered: one in which the matching process is subject to congestion externalities and another in which it is not. The paper...

Dieser Beitrag begibt sich mittels multinomialer logistischer Regressionen auf die Suche nach Bestimmungsfaktoren für den Suchverlauf bei erfolgreichen Stellenbesetzungen. Hierzu werden drei Verlaufstypen unterschieden und auf Zusammenhänge insbesondere mit Merkmalen der Stelle und des...

"This paper is the first to study vacancies, hires, and vacancy yields at the establishment level in the Job Openings and Labor Turnover Survey, a large sample of U.S. employers. To interpret the data, we develop a simple model that identifies the flow of new vacancies and the job-filling rate...

We examine the impact of real oil price shocks on labor market flows in the US We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...