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How important is imperfect competition in the product market for employment dynamics? To investigate this, we formulate a theoretical model of employment adjustment with imperfect competition in the product market, search frictions, and convex adjustment costs. From this model, we derive a...
Persistent link: https://www.econbiz.de/10010322000
unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …
Persistent link: https://www.econbiz.de/10010321379
-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … of the search-matching theory. -- Job Creation ; Involuntary Unemployment ; Search-Matching ; Labor Demand …
Persistent link: https://www.econbiz.de/10003319548
Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 … percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in … November 2014. Based on existing analyses and some new evidence, this paper establishes that much of the change in unemployment …
Persistent link: https://www.econbiz.de/10011288771
According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm to fill a vacancy but more vacancies at other firms should make recruitment more difficult. But what can we say about the expected magnitudes of these effects on firms’...
Persistent link: https://www.econbiz.de/10011373159
This paper is concerned with the study of the labor market performance of immigrants. The unemployment rate is used as …, probit regressions on the unemployment probabilities are estimated for the pooled crosssection of 1991 and 1995, taking into … account nationality- and gender-specific differences. In a second step, and based on the finding that unemployment rates …
Persistent link: https://www.econbiz.de/10011475909
-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … of the search-matching theory. -- job creation ; involuntary unemployment ; search-matching ; labor demand …
Persistent link: https://www.econbiz.de/10003371770
Search-matching theory has come to dominate labor economics in recent years, but few attempts have been made to compare the empirical relevance of search-matching theory to efficiency wage and bargaining theories, where employment is determined by labor demand. In this paper we formulate an...
Persistent link: https://www.econbiz.de/10012778561
This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and job ad views on Sweden's largest online job board. First, new vacancy postings drop by 40%, similar to the US. Second, job seekers respond by searching less intensively, to the...
Persistent link: https://www.econbiz.de/10012419555
This paper analyses a local marketing campaign that provided information about unproven age-re-lated stereotypes and the value of older workers in Germany. The campaign was designed to increase the hiring rate of older workers. Using comprehensive register data, we find that the information...
Persistent link: https://www.econbiz.de/10012230966