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percent increase in the state-level effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …
Persistent link: https://www.econbiz.de/10013351793
percent increase in the statelevel effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the … cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations …. We argue that our focus on vacancies versus on employment has a distinct advantage of highlighting a mechanism through …
Persistent link: https://www.econbiz.de/10013373856
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and … vacancies on the other hand, which is observationally equivalent to a constant return Cobb-Douglas function commonly used to …
Persistent link: https://www.econbiz.de/10010420654
comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …
Persistent link: https://www.econbiz.de/10010421141
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and … vacancies on the other hand, which is observationally equivalent to a constant return Cobb-Douglas function commonly used to …
Persistent link: https://www.econbiz.de/10010350860
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and … vacancies on the other hand, which is observationally equivalent to a constant returns Cobb-Douglas function commonly used to …
Persistent link: https://www.econbiz.de/10010248216
comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …
Persistent link: https://www.econbiz.de/10010410222
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and … vacancies on the other hand, which is observationally equivalent to a constant returns Cobb-Douglas function commonly used to …
Persistent link: https://www.econbiz.de/10010886896
comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …
Persistent link: https://www.econbiz.de/10011103268
We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers … wages are determined by continuous bargaining between the firm and its employees. The model generates a non … facts about the joint distribution of firm size, firm growth, and wages in the U.S. economy. We also conduct a numerical …
Persistent link: https://www.econbiz.de/10011674212