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unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies, and the … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … confirm previous findings that growing establishments fill their vacancies faster. To understand the relationship between …
Persistent link: https://www.econbiz.de/10011967230
unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies and the … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … confirm previous findings that growing establishments fill their vacancies faster. To understand the relationship between …
Persistent link: https://www.econbiz.de/10011916402
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire much more workers from unemployment than large...
Persistent link: https://www.econbiz.de/10011916605
unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies and the … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … confirm previous findings that growing establishments fill their vacancies faster. To understand the relationship between …
Persistent link: https://www.econbiz.de/10011931499
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...
Persistent link: https://www.econbiz.de/10014161382
This paper, using data from the Labour Force survey, examines the decline of employment by sector of economic activity as well as the size and profile of the corresponding worker flows since the beginning of the recent financial crisis. It shows that the 433,500 employment losses until spring...
Persistent link: https://www.econbiz.de/10014030353
Job applications have risen over time yet job-finding rates remain unchanged. Meanwhile, separations have declined. We argue that increased applications raise the probability of a good match rather than the probability of job-finding. Using a search model with multiple applications and costly...
Persistent link: https://www.econbiz.de/10014094702
Drawing on firm-level forecasts at a one-year horizon in the Survey of Business Uncertainty (SBU), we construct novel, forward-looking reallocation measures for jobs and sales. These measures rise sharply after February 2020, reaching rates in April that are 2.4 (3.9) times the pre-COVID average...
Persistent link: https://www.econbiz.de/10014098306
I propose a new search-and-matching model in which wage rigidity and volatile unemployment endogenously arise. The Diamond-Mortensen-Pissarides model is generalized by incorporating job-ladder and vacancy-chain effects arising from on-the-job search and replacement hiring into a long-lived jobs...
Persistent link: https://www.econbiz.de/10014083443
key, but there is limited evidence on this margin. We use wages posted on vacancies, with job and establishment …
Persistent link: https://www.econbiz.de/10014388608