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Employment Protection, Product Market Regulation and Firm Selection

Koeniger, Winfried; Prat, Julien - 2021

This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...

Persistent link: https://www.econbiz.de/10013317674

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

Imperfect information, wage formation, and the employability of the unemployed

Eriksson, Stefan - 2002

This paper considers the optimal hiring strategy of a firm that is unable to observe the productive abilities of all its applicants. Whom the firm considers as hireable, will depend crucially on the extent to which the firm can use its wage setting to mirror productivity differences. However,...

Persistent link: https://www.econbiz.de/10011574953

Structural unemployment, underemployment, and secular stagnation

Hashimoto, Ken'ichi; Ono, Yoshiyasu; Schlegl, Matthias - 2020

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that uctuations in the total …

Persistent link: https://www.econbiz.de/10012216141

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

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

The pro-competitive consequences of trade in frictional labor markets

Firooz, Hamid - 2023

. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …

Persistent link: https://www.econbiz.de/10014364693

Search, technology choice, and unemployment

Angyridis, Constantine; Zhou, Haiwen - In: International studies of economics 17 (2022) 3, pp. 296-310

's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a … increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose … a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries …

Persistent link: https://www.econbiz.de/10013454398

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2022

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative aggregate shocks move the hiring cutoff into a part...

Persistent link: https://www.econbiz.de/10013185150

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