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Equilibrium Wage Rigidity in A Search and Matching Model with Replacement Hiring
Teramoto, Kazuhiro - 2022
I propose a new search-and-matching model in which wage rigidity and volatile unemployment endogenously arise. The …-the-job search and replacement hiring into a long-lived jobs framework. The presence of replacement hiring (i) enhances unemployment …
Persistent link: https://www.econbiz.de/10014083443
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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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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003827155
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Wage Rigidity and Job Creation
Haefke, Christian - 2007
cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …
Persistent link: https://www.econbiz.de/10012729156
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2021
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10013324956
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Worker Replacement
Menzio, Guido; Moen, Espen R. - 2009
of unemployment and vacancies to negative shocks to the aggregate productivity of labor …
Persistent link: https://www.econbiz.de/10014213433
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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
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Compensation and Competition for Talent : Talent Scarcity or Incentives?
Giannetti, Mariassunta - 2014
competition for talent. High-ability individuals receive higher pay, but are not more likely to be awarded long-term compensation …. These findings suggest that long-term compensation arises in an optimal contract, because competition for talent accentuates …
Persistent link: https://www.econbiz.de/10013064773
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Firm wages in a frictional labor market
Rudanko, Leena - 2018
applications, I first show that firm wages dampen wage variation over the business cycle, amplifying that in unemployment, with …
Persistent link: https://www.econbiz.de/10011971300
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Downward rigidity in the wage for new hires
Hazell, Jonathon; Taska, Bledi - 2023
Wage rigidity is an important explanation for unemployment fluctuations. In benchmark models wages for new hires are … respond to rises in unemployment, but respond strongly to falls in unemployment. Job information is crucial for detecting …
Persistent link: https://www.econbiz.de/10014388608