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Wage rigidity and labor market dynamics with sorting
Schulz, Bastian - 2015
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
Persistent link: https://www.econbiz.de/10011280707
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Labor market dynamics with sorting
Schulz, Bastian - 2023
. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long … run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U …
Persistent link: https://www.econbiz.de/10014366741
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Labour market dynamics in Germany : hirings, separations, and job-to-job transitions over the business cycle
Bachmann, Ronald (contributor) - 2005
increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …
Persistent link: https://www.econbiz.de/10003323028
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Job Applications and Labor Market Flows
Birinci, Serdar; See, Kurt; Wee, Shu Lin - 2020
, reservation wages, applicants per vacancy, and tenure, objects that enable it to generate the trends in unemployment flows …
Persistent link: https://www.econbiz.de/10014094702
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State dependence in labor market fluctuations
Pizzinelli, Carlo; Theodoridis, Konstantinos; Zanetti, … - 2020
), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response to … of the state dependence in the unemployment rate, 76 percent for the separation rate and 36 percent for the job finding …
Persistent link: https://www.econbiz.de/10012179347
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011444082
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - This Version: February 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011447126
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u* = √uv
Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022
employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …
Persistent link: https://www.econbiz.de/10013334429
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Job applications and labour market flows
Birinci, Serdar; See, Kurt; Wee, Shu Lin - 2021 - Last updated: October 12, 2021
generate the trends in unemployment flows. …
Persistent link: https://www.econbiz.de/10012650203