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Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
Pace, Federico di; Faccini, Renato - 2010
We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical … fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …
Persistent link: https://www.econbiz.de/10003969378
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Credit, Vacancies and Unemployment Fluctuations
Petrosky-Nadeau, Nicolas - 2013
Propagation in equilibrium models of search unemployment is altered when vacancy costs require some external financing …
Persistent link: https://www.econbiz.de/10013095421
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The cyclical behavior of equilibrium unemployment and vacancies across OECD countries
Amaral, Pedro S.; Tasci, Murat - 2014 - This version: November 19, 2013
We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …
Persistent link: https://www.econbiz.de/10010251658
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Minimum wage increases and vacancies
Kudlyak, Marianna; Tasci, Murat; Tüzemen, Didem - 2022
Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific county- level vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...
Persistent link: https://www.econbiz.de/10013187552
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Minimum wage increases and vacancies
Kudlyak, Marianna; Tasci, Murat; Tüzemen, Didem - 2022
Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific countylevel vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...
Persistent link: https://www.econbiz.de/10013192234
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012288522
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012268078
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Long live the vacancy
Häfke, Christian; Reiter, Michael - 2020
We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of … joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012269069
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Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies
Eyigungor, Burcu - 2019
In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account … for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …
Persistent link: https://www.econbiz.de/10012706057
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The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
Hagedorn, Marcus; Manovskii, Iourii - 2021
-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …
Persistent link: https://www.econbiz.de/10013316636