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Value added, wages, and labor market flows at the establishment level

Merkl, Christian; Stüber, Heiko - 2018

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/10011796396

The Dynamic Beveridge Curve

Fujita, Shigeru; Ramey, Garey - 2019

both the vacancy-unemployment ratio and employment. The authors show that the standard version of the Mortensen …

Persistent link: https://www.econbiz.de/10014062079

Incentives to Work or Incentives to Quit?

Bojilov, Raicho - 2017

Employees often learn about their ability while working, and the resulting beliefs interact with pay incentives to shape employment outcomes. This paper investigates this issue within a model that incorporates learning about ability on the job, dynamic selection, effort, and variation in pay...

Persistent link: https://www.econbiz.de/10012972627

Incentive Pay Prior to CEO Turnover When Effort Choices Have Lasting Effects

Chulkov, Dmitriy; Barron, John - 2022

We present a modified principal-agent model to identify a link between the anticipated likelihood of future CEO turnover and the optimal sensitivity of incentive pay to firm performance. The analysis focuses on the optimal sequence of standard one-period incentive contracts when CEO effort...

Persistent link: https://www.econbiz.de/10013306939

Dynamic Beveridge Curve Accounting

Ahn, Hie Joo - 2020

unemployment. Using a standard model, we show that three factors can shift the Beveridge curve: reduced-form matching efficiency … shift in vacancies given unemployment. In previous recessions changes in matching efficiency were relatively unimportant … analyses estimating the natural rate of unemployment …

Persistent link: https://www.econbiz.de/10012834050

Employment protection in dual labor markets : any amplification of macroeconomic shocks?

Lochner, Benjamin - 2014

unemployment, this paper theoretically investigates the importance of labor market duality on labor market volatilities. The new … insight is that duality leads to a non-linear reaction of unemployment volatility for both supply and demand shocks. A … subsequent empirical panel data analysis confirms the model predictions. Uncovering the non-linearity in unemployment volatility …

Persistent link: https://www.econbiz.de/10010439587

Wage rigidity and labor market dynamics with sorting

Schulz, Bastian - 2015

This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...

Persistent link: https://www.econbiz.de/10011280707

Aggregate Shocks and Labor Market Fluctuations

Braun, Helge - 2006

, technology shocks have more persistent effects. The job finding rate largely drives the response of unemployment, though the … estimate shock-specific matching functions. Allowing for a break in 1984:Q1 shows considerable subsample differences in … matching elasticities and relative shock-specific efficiency …

Persistent link: https://www.econbiz.de/10012734736

Uncertainty shocks and employment fluctuations in Germany : the role of establishment size

Kovalenko, Tim - 2021

their labor input in response to an uncertainty shock by delaying the replacement of workers who leave these establishments. …

Persistent link: https://www.econbiz.de/10012614112

Uncertainty shocks and employment fluctuations in Germany : the role of establishment size

Kovalenko, Tim - 2021

their labor input in response to an uncertainty shock by delaying the replacement of workers who leave these establishments. …

Persistent link: https://www.econbiz.de/10012607557