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Optimal fiscal policy with labor selection
Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2018 - This Draft: June 11, 2018
non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the … Ramsey government achieves efficient labor market volatility; doing so requires labor-income tax volatility that is orders of … order to understand optimal tax volatility. …
Persistent link: https://www.econbiz.de/10011864654
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Optimal fiscal policy with labor selection
Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2018
non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the … Ramsey government achieves efficient labor market volatility; doing so requires labor-income tax volatility that is orders of … order to understand optimal tax volatility. …
Persistent link: https://www.econbiz.de/10011872840
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Evaluating the performance of the search and matching model
Yashiv, Eran - 2006
high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of … the worker job finding rate. A key role in this fit is played by the convexity of hiring costs and the stochastic …
Persistent link: https://www.econbiz.de/10010267305
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Separations, sorting and cyclical unemployment
Mueller, Andreas I. - 2012
This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...
Persistent link: https://www.econbiz.de/10010289903
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Evaluating the Performance of the Search and Matching Model
Yashiv, Eran - Institute for the Study of Labor (IZA) - 2006
high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of … the worker job finding rate. A key role in this fit is played by the convexity of hiring costs and the stochastic …
Persistent link: https://www.econbiz.de/10005763819
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Evaluating the Performance of the Search and Matching Model
Yashiv, Eran - Centre for Economic Performance, LSE - 2005
specifications of the data on many dimensions, though not on all. This includes capturing the high persistence and high volatility of … most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …
Persistent link: https://www.econbiz.de/10005797254
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Evaluating the Performance of the Search and Matching Model
Yashiv, Eran - C.E.P.R. Discussion Papers - 2005
specifications of the data on many dimensions, though not on all. This includes capturing the high persistence and high volatility of … most of the key variables, the negative co-variation of unemployment and vacancies, and the behaviour of the worker job … finding rate. A key role in this fit is played by the convexity of hiring costs and the stochastic properties of the …
Persistent link: https://www.econbiz.de/10005124215
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Separations, Sorting and Cyclical Unemployment
Mueller, Andreas I. - Institute for the Study of Labor (IZA) - 2012
This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...
Persistent link: https://www.econbiz.de/10010575480
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Evaluating the performance of the search and matching model
Yashiv, Eran - London School of Economics (LSE) - 2005
specifications of the data on many dimensions, though not on all. This includes capturing the high persistence and high volatility of … most of the key variables, as well as the negative co-variation of unemployment and vacancies. It offers a workable …
Persistent link: https://www.econbiz.de/10011071277
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Minimum Wage Increases and Vacancies
Kudlyak, Marianna; Tasci, Murat; Tüzemen, Didem - 2022
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