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In this paper, we analyze the connection between value added, wages, and labor market flows at the establishment level. We develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage and Labor Market Flow...
Persistent link: https://www.econbiz.de/10012926732
inexperienced, where the former type faces a risk of skill loss during unemployment. When the skill loss occurs, the worker is …
Persistent link: https://www.econbiz.de/10012928477
inexperienced, where the former type faces a risk of skill obsolescence during unemployment. When the skill depreciation occurs, the …
Persistent link: https://www.econbiz.de/10013037608
labor productivity in the U.S. show that standard deviations for unemployment, vacancies and market tightness (vacancy-unemployment … unemployment and vacancies over business cycle frequencies (i.e. it is consistent with the Beveridge curve) …
Persistent link: https://www.econbiz.de/10012723659
Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor … structure in Germany. Motivated by search theory, we use the data to explore descriptively labor market transitions and features … close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …
Persistent link: https://www.econbiz.de/10012727242
Large and persistent earnings losses following displacement have adverse consequences for the individual worker and the macroeconomy. Leading models cannot explain their size and disagree on their sources. Two mean-reverting forces make earnings losses transitory in these models: search as an...
Persistent link: https://www.econbiz.de/10011669682
with theory, establishments with more procyclical wage movements over the business cycle have a more countercyclical hires …
Persistent link: https://www.econbiz.de/10011574241
, I measure job mobility by the ratio of the job-finding rate on the job to the transition rate into unemployment. A … unemployment. The positive association between skills and job mobility is statistically significant in a majority of countries …
Persistent link: https://www.econbiz.de/10012932778
former type faces a risk of skill loss during unemployment. When the skill loss occurs, the worker is required to restart his …
Persistent link: https://www.econbiz.de/10012937068
Following the shocks of the COVID-19 pandemic, the economy may be significantly changed relative to the pre-pandemic world. One critical shift induced by the COVID- 19 pandemic is a need for physical distance (at least 6 feet apart) between workers and customers. In this study, we examine the...
Persistent link: https://www.econbiz.de/10012880230