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History dependence, cohort attachment, and job referrals in networks of close relationships
Chen-Zion, Ayal; Rauch, James E. - 2019
agents they met near the beginning of their careers. The interaction of this dynamic with turnover yields predictions about … subsequently split across many firms, the desire to renew their successful working relationships can lead to job referrals. Former … co-workers who provide referrals will be drawn disproportionately from the referred workers' hiring cohorts at their …
Persistent link: https://www.econbiz.de/10012124857
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Unemployment, marginal attachment and labor force participation in Canada and the United States
Jones, Stephen R. G.; Riddell, William Craig - 2017
We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S.. Using two complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the fraction of the non-employed who are unemployed...
Persistent link: https://www.econbiz.de/10011647679
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Revisiting the hypothesis of high discounts and high unemployment
Martellini, Paolo; Menzio, Guido; Visschers, Ludo - 2019
We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...
Persistent link: https://www.econbiz.de/10012026394
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Unemployment and vacancy dynamics with imperfect financial markets
Carrillo-Tudela, Carlos; Graber, Michael; Wälde, Klaus - 2015
This paper proposes a simple general equilibrium model with labour market frictions and an imperfect financial market. The aim of the paper is to analyse the transitional dynamics of unemployment and vacancies when financial constraints are in place. We model the financial sector as a...
Persistent link: https://www.econbiz.de/10011388322
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The blighted youth : the impact of recessions and policies on life-cycle unemployment
Lopez-Martin, Bernabe; Takayama, Naoki - 2015
We construct a theoretical model of labor markets with human capital accumulation to understand and quantify the earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital accumulation, which adversely affects long-term income...
Persistent link: https://www.econbiz.de/10011389663
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Time to go? : head coach quits and dismissals in professional football
Bryson, Alex; Buraimo, Babatunde; Simmons, Robert - 2017
discuss the implications of our findings in the context of principal-agent theory and the wider literature on turnover among …
Persistent link: https://www.econbiz.de/10011625327
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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 quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This tight link is at odds with the empirical literature. We...
Persistent link: https://www.econbiz.de/10011625891
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Are the Spanish long-term unemployed unemployable?
Bentolila, Samuel; García Peréz, José Ignacio; … - 2017
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We...
Persistent link: https://www.econbiz.de/10011602757
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Effective labor regulation and microeconomic flexibility
Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo; … - 2004
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10011607672
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Are the Spanish long-term unemployed unemployable?
Bentolila, Samuel; García Peréz, José Ignacio; … - 2017
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We...
Persistent link: https://www.econbiz.de/10011613407