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Revisiting the Hypothesis of High Discounts and High Unemployment
Martellini, Paolo - 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/10012867149
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Revisiting the Hypothesis of High Discounts and High Unemployment
Martellini, Paolo - 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/10012868079
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Recruiting Intensity, Hires, and Vacancies : Evidence from Firm-Level Data
Forsythe, Eliza; Weinstein, Russell - 2021
more individuals per vacancy. The results suggest that when firms want to increase hires they adjust vacancies and …
Persistent link: https://www.econbiz.de/10013244265
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Firm-Level Hiring Difficulties : Persistence, Business Cycle and Local Labour Market Influences
Fabling, Richard - 2013
We examine the correlates of reported hiring difficulties at the firm level using linked employer-employee and panel survey data over 2005-2011, focussing on the relative influence of firm-level characteristics, persistence, the business cycle and local labour market liquidity. At both the...
Persistent link: https://www.econbiz.de/10013077315
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The Unintended Consequences of Employer Credit Check Bans for Labor Markets
Cortés, Kristle Romero - 2020
estimate that county-level job vacancies have fallen by 5.5 percent in occupations affected by these laws relative to exempt … occupations in the same counties and national-level vacancies for the same occupations. Crosssectional heterogeneity suggests that … employers use credit reports as signals of a worker's ability to perform the job: vacancies fall more in counties with a large …
Persistent link: https://www.econbiz.de/10012827747
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The recent decline in employment dynamics
Hyatt, Henry R.; Spletzer, James - In: IZA Journal of Labor Economics 2 (2013), pp. 1-21
We document and attempt to explain the recent decline in employment dynamics in the U.S. We have four major empirical findings. First, each measure exhibits a “stair step” pattern, with the declines concentrated in recessions and little increase during subsequent expansions. Second, changes...
Persistent link: https://www.econbiz.de/10010221128
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A Congestion Theory of Unemployment Fluctuations
Mercan, Yusuf; Schoefer, Benjamin; Sedlacek, Petr - 2021
In recessions, unemployment increases despite the—perhaps counterintuitive—fact that thenumber of unemployed workers finding jobs expands. On net, unemployment rises only becauseeven more workers lose their jobs. We propose a theory of unemployment fluctuations resting onthis...
Persistent link: https://www.econbiz.de/10013314859
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Recruiting Intensity and Hiring Practices : Cross-Sectional and Time-Series Evidence
Lochner, Benjamin; Merkl, Christian; Stueber, Heiko; … - 2021
connect the fact that shrinking establishments post more vacancies and are less selective than those with a constant workforce …
Persistent link: https://www.econbiz.de/10013314963
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A congestion theory of unemployment fluctuations
Mercan, Yusuf; Schoefer, Benjamin; Sedlácek, Petr - 2020
In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed workers finding jobs expands. On net, unemployment rises only because even more workers lose their jobs. We propose a theory of unemployment fluctuations resting on this...
Persistent link: https://www.econbiz.de/10012373190
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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