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Job search during the covid-19 crisis
Hensvik, Lena; Le Barbanchon, Thomas; Rathelot, Roland - 2021
changes in vacancies would predict. Overall, these job search responses have the potential to amplify the labour demand shock. …
Persistent link: https://www.econbiz.de/10012419555
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012288522
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012268078
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012269069
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The effects of productivity and benefits on unemployment : breaking the link
Brown, Alessio J. G.; Kohlbrecher, Britta; Merkl, Christian - 2017
quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …
Persistent link: https://www.econbiz.de/10011625891
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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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The Beveridge curve and labour market flows : a reinterpretation
Gottfries, Nils; Stadin, Karolina - 2019
unemployment makes it easier to fill vacancies. Instead, there are few vacancies when unemployment is high because there is a low …According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when … unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high …
Persistent link: https://www.econbiz.de/10012026458
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The effects of productivity and benefits on unemployment : breaking the link
Brown, Alessio J. G.; Kohlbrecher, Britta; Merkl, Christian - 2017
quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …
Persistent link: https://www.econbiz.de/10012111816
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Job search during the COVID-19 crisis
Hensvik, Lena; Le Barbanchon, Thomas; Rathelot, Roland - 2020
This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and ad views on Sweden's largest online job board. First, the labour demand shock in Sweden is as large as in the US, and affects industries and occupations heterogeneously. Second, the...
Persistent link: https://www.econbiz.de/10012213681
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Christopher Pissarides
Jackman, Richard - Palgrave Macmillan
Professor Christopher Pissarides was awarded the 2010 Nobel Prize in Economics jointly with Peter Diamond and Dale Mortensen ‘for their analysis of markets with search frictions’. Though Pissarides is best known for his work in this area, it is only part of a very extensive research agenda...
Persistent link: https://www.econbiz.de/10009364192