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der Arbeitslosigkeit zur Folge hat. -- search friction ; labor market transitions ; wages …
Persistent link: https://www.econbiz.de/10003874124
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10003715729
High-skill workers have a lower unemployment rate than their low-skill counterparts. This is because high-skill workers … and unemployment rates across skill groups …
Persistent link: https://www.econbiz.de/10014203677
In a search and matching environment, this paper assesses a range of modeling setups against macro evidence for the monetary transmission mechanism in the euro area. In particular, we assess right-to-manage vs. efficient bargaining, flexible vs. sticky wages, interactions at the firm level...
Persistent link: https://www.econbiz.de/10014204635
to fill vacancies, but search frictions prevent firms from instantly hiring available workers. Unemployment persists … unemployment responds to productivity changes depends on resources that can be allocated to job creation. Yet, this …) characterize responses of unemployment to productivity changes for a general matching technology; and (3) show how a matching …
Persistent link: https://www.econbiz.de/10014348607
negative correlation between unemployment and vacancies. To address this, I extend the model by incorporating wage rigidity and … between unemployment and vacancy rates …
Persistent link: https://www.econbiz.de/10014348775
In this paper, I show that the decline in household consumption during unemployment spells depends on both liquid and … illiquid asset positions. I also provide evidence that unemployment spells predict the withdrawal of illiquid assets …, particularly when households have few liquid assets. Motivated by these findings, I embed endogenous unemployment risk in a two …
Persistent link: https://www.econbiz.de/10014352249
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage …
Persistent link: https://www.econbiz.de/10014354714
In a multi-country general equilibrium economy with mobile capital and rigidwage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases … taxation to tax competition. -- capital taxation ; asymmetric tax competition ; rigid wages ; unemployment ; losses from trade …
Persistent link: https://www.econbiz.de/10003879121
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