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| Titre : | Labour economics, vol. 50. Search in macroeconomics 14 essays in honor of Chris Pissarides - March 2018 |
| Type de document : | Bulletin |
| Paru le : | 01/03/2018 |
Dépouillements
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We quantify the contribution of labor market reforms to unemployment dynamics in nine OECD countries (Australia, France, Germany, Japan, Portugal, Spain, Sweden, UK, US). We estimate a dynamic stochastic search-matching model with heterogeneous [...]
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In this paper, we examine how skill loss can contribute to aggregate labor market fluctuations in the Diamond-Mortensen-Pissarides model. We develop a computationally tractable stochastic version of that model wherein workers accumulate skills o[...]
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This paper examines life cycle vocational training investments in the context of a model with search frictions that features skill obsolescence and heterogenous agents. We shed light on some age-dependent externalities. On the one hand, this imp[...]
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In the U.S. the average black worker has a lower employment rate and earns a lower wage compared to his white counterpart. Lang and Lehmann (2012) argue that black–white wage and employment gaps are smaller for high-skill workers. We show that a[...]
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Using data from the Employment Opportunity Pilot Project, we examine the relationship between the starting wage paid to the worker filling a vacancy, the number of applications attracted by the vacancy, the number of candidates interviewed for t[...]
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We study a labor market where employers post wages and workers simultaneously choose the number of applications they send out. Firms offer the job to a worker at random; workers with multiple offers pick the best one. If the application costs ar[...]
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To provide micro-founded real wage rigidities, the literature on the unemployment volatility puzzle has considered alternating offers on one side, and asymmetric information on the other. Separately, however, these two frameworks deliver a limit[...]
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We derive an explicit solution for the wage from an alternating-offer wage bargaining game à la Hall and Milgrom (2008) under a plausible parameter restriction. This solution is simple, micro-founded and permits a transparent analysis of the dri[...]
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Job matching, a central feature of DMP theory, requires contacts between prospective employers and employees. This paper assumes that they may be either face-to-face and take place at city centers or via referrals from social contacts. The paper[...]
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This paper incorporates social networks into a frictional labour market framework. There are two worker types and two occupations, which are subject to correlated fluctuations in output. The equilibrium is characterized by occupational mismatch [...]
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This paper proposes a simple general equilibrium model with labour market frictions and an imperfect financial market. The aim of the paper is to analyse the transitional dynamics of unemployment and vacancies when financial constraints are in p[...]
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A key lesson from the Great Recession is that firms’ leverage and access to finance are important for hiring and firing decisions. It is now empirically established that bank lending is correlated with employment losses when credit conditions de[...]
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In this paper we investigate the time-varying properties of job creation in the United States in connection to the macro-economy. We address this issue through a time-varying parameter VAR (TVP-VAR) with stochastic volatility. We identify four s[...]
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| Code-barres | Cote | Support | Localisation | Section | Disponibilité |
|---|---|---|---|---|---|
| 1022403 | P | Périodique | CEREQ | Bibliothèque | Disponible |
