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We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...
Persistent link: https://www.econbiz.de/10010251658
rates for Colombia for the period 1976 - 2012. The result is the first dataset capturing the evolution of vacancies for … between vacancies and unemployment with a structural change-an outward shift-around 1986. …
Persistent link: https://www.econbiz.de/10010466551
comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …
Persistent link: https://www.econbiz.de/10010410222
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job …
Persistent link: https://www.econbiz.de/10012651396
cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations … postings in occupations with a larger share of workers who earn close to the prevailing minimum wage. We estimate that a 10 … percent increase in the state-level effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the …
Persistent link: https://www.econbiz.de/10013187552
cumulative effect is as large as 4.5 percent a year later. The negative effect on vacancies is more pronounced for occupations … postings in occupations with a larger share of workers who earn close to the prevailing minimum wage. We estimate that a 10 … percent increase in the statelevel effective minimum wage reduces vacancies by 2.4 percent in the same quarter, and the …
Persistent link: https://www.econbiz.de/10013192234
We develop a method to jointly measure the response of worker search effort (individual effect) and vacancy creation (market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we exploit an unexpected cut in UI durations in Missouri and...
Persistent link: https://www.econbiz.de/10012137594
We develop a method to jointly measure the response of worker search effort (individual effect) and vacancy creation (market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we exploit an unexpected cut in UI durations in Missouri and...
Persistent link: https://www.econbiz.de/10012139297
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
Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The …
Persistent link: https://www.econbiz.de/10014507179