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Firms' employment dynamics and the state of the labor market

Stadin, Karolina - 2015

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

Can matching frictions explain the increase in Mexican unemployment after 2008?

Arroyo Miranda, Juan; Gómez Cram, Roberto; Lever … - 2014

whether changes in matching frictions can explain the large and persistent increase in Mexican unemployment after the 2008 … unemployment rate. Hence, these results suggest that changes in matching frictions cannot explain most of the increase in … unemployment. …

Persistent link: https://www.econbiz.de/10010370084

Inefficient Unemployment and Bargaining Friction

Yuen, C. Y. Kelvin - 2019

implications for the unemployment dynamics. I propose a simple specification of bargaining friction by including bargaining wedges …, inefficient separations could be generated which would in turn induce inefficient unemployment. The existence of inefficient … unemployment due to bargaining friction could potentially explain the excessive fluctuation of unemployment observed in the data …

Persistent link: https://www.econbiz.de/10012893924

Fast Rises, Slow Declines : Asymmetric Unemployment Dynamics with Matching Frictions

Ferraro, Domenico - 2017

unemployment rate. In the United States, the unemployment rate raises quickly and abruptly at the onset of contractions and … declines slowly and gradually during expansions. This pattern produces positive skewness in the distribution of unemployment … responsiveness of job vacancies to positive shocks in periods of high unemployment. I argue that the inability of the model to …

Persistent link: https://www.econbiz.de/10012945476

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

Revisiting the Hypothesis of High Discounts and High Unemployment

Martellini, Paolo - 2019

Persistent link: https://www.econbiz.de/10012868079

The Beveridge Curve

Yashiv, Eran - 2021

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

Persistent link: https://www.econbiz.de/10013317304

Job search during the covid-19 crisis

Hensvik, Lena; Le Barbanchon, Thomas; Rathelot, Roland - 2021

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

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

Persistent link: https://www.econbiz.de/10012288522

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …

Persistent link: https://www.econbiz.de/10012268078