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  1. Nonlinear unemployment effects of the inflation tax
    Erschienen: June 2021
    Verlag:  University of Zurich, Department of Economics, Zurich

    We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated... mehr

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    We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using panel data from the OECD, we document three correlations. First, there is a positive long-run relationship between anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when unemployment is higher. We show that these correlations arise in a standard monetary search model with two shocks - productivity and monetary - and frictions in labor and goods markets. Inflation lowers the surplus from a worker-firm match, in turn making it sensitive to productivity shocks or to further increases in inflation. We calibrate the model to match the US postwar labor market and monetary data and show that it is consistent with observed cross-country correlations. The model implies that the welfare cost of inflation is nonlinear in the level of inflation and is amplified by the presence of aggregate shocks.

     

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    Weitere Identifier:
    hdl: 10419/243114
    Auflage/Ausgabe: This version: June 3, 2021
    Schriftenreihe: Working paper series / University of Zurich, Department of Economics ; no. 390
    Schlagworte: Money; search; inflation; unemployment; unemployment volatility; fundamental surplus; product-labor market interaction
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  2. Nonlinear unemployment effects of the inflation tax
    Erschienen: June 25, 2021
    Verlag:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Auflage/Ausgabe: This version: June 25, 2021
    Schriftenreihe: Finance and economics discussion series ; 2021, 040
    Schlagworte: money; search; inflation; unemployment; unemployment volatility; fundamen-tal surplus; product-labor market interaction
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. Household income, liquidity, and optimal unemployment insurance
    Erschienen: [2021]
    Verlag:  Center for Research in Economics and Statistics, Palaiseau, France

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    Schriftenreihe: Working paper series / Center for Research in Economics and Statistics ; no. 2021, 16 (October 2021)
    Schlagworte: unemployment insurance; liquidity; moral hazard; search; calibration
    Umfang: 1 Online-Ressource (circa 44 Seiten)
  4. Search capital and unemployment duration
    Erschienen: 2020
    Verlag:  European University Institute, Badia Fiesolana, Italy

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    Weitere Identifier:
    hdl: 1814/67750
    Schriftenreihe: EUI working papers ; MWP 2020,10
    Schlagworte: search; unemployment; long-term unemployment; temporary contracts
    Umfang: 1 Online-Ressource (76 Seiten), Illustrationen
  5. Price transparency in OTC equity lending markets: evidence from a loan fee Benchmark
    Erschienen: [2020]
    Verlag:  FEA/USP, [São Paulo]

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    Schriftenreihe: Working paper series / Department of Economics-FEA/USP ; no 2020, 22
    Schlagworte: price transparency; OTC markets; benchmarks; equity lending; search
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  6. Choice of social security system
    Erschienen: 2021
    Verlag:  Department of Economics, Copenhagen Business School, Frederiksberg

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    hdl: 10398/f64c146e-0bcb-4ed9-9efe-197d9daee8a5
    Schriftenreihe: Working paper / Department of Economics, Copenhagen Business School ; 2021, 07
    Schlagworte: Voluntary unemployment insurance; unemployment; search; education; welfare; inequality
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  7. Simultaneous search and adverse selection
    Erschienen: January 04, 2022
    Verlag:  [University of Toronto, Department of Economics], [Toronto]

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    Schriftenreihe: [Working paper] / [Department of Economics, University of Toronto ; 715
    Schlagworte: search; adverse selection; screening; labor market; coordination frictions; search frictions
    Umfang: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  8. Information, intermediaries, and international migration
    Erschienen: 14 December 2021
    Verlag:  Centre for Economic Policy Research, London

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    Schriftenreihe: Array ; DP16811
    Schlagworte: International Migration; Information; Middlemen; quality disclosure; search
    Umfang: 1 Online-Ressource (circa 94 Seiten), Illustrationen
  9. Information, intermediaries, and international migration
    Erschienen: December 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Job seekers often face substantial information frictions related to potential job quality. This is especially true in international labor markets, where intermediaries match prospective migrants with employers abroad. We conducted a randomized trial... mehr

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    Job seekers often face substantial information frictions related to potential job quality. This is especially true in international labor markets, where intermediaries match prospective migrants with employers abroad. We conducted a randomized trial in Indonesia to explore how information about intermediary quality shapes migration choices and outcomes. Information reduces the migration rate, lowering use of low-quality intermediaries. However, workers who migrate receive better pre-departure preparation and have higher-quality job experiences abroad, despite no change in occupation or destination. Information does not change intentions to migrate or beliefs about the return to migration or intermediary quality. Nor does selection explain the improved outcomes for workers who choose to migrate with the information. Together, our findings are consistent with an increase in the option value of search: with better ability to differentiate offer quality, workers become choosier and ultimately have better migration experiences. This offers a new perspective on the importance of information and matching frictions in global labor markets.

     

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    Weitere Identifier:
    hdl: 10419/250606
    Schriftenreihe: Discussion paper series / IZA ; no. 14945
    Schlagworte: international migration; information; middlemen; quality disclosure; search
    Umfang: 1 Online-Ressource (circa 91 Seiten), Illustrationen
  10. Learning in the marriage market
    the economics of dating
    Erschienen: 23 February 2022
    Verlag:  Centre for Economic Policy Research, London

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    Schriftenreihe: Array ; DP17065
    Schlagworte: search; Matching; Gradual learning; Dating; Marriage Market
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  11. Should wages be subsidized in a pandemic?
    Erschienen: 5-2022
    Verlag:  Department of Economics, Queen's University, Kingston, Ontario, Canada

    We use a labor search model with heterogenous households and firms to study the efficacy of a wage subsidy during a pandemic, relative to enhancing unemployment benefits. A large proportion of the economy is forced to shut down, and firms in that... mehr

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    We use a labor search model with heterogenous households and firms to study the efficacy of a wage subsidy during a pandemic, relative to enhancing unemployment benefits. A large proportion of the economy is forced to shut down, and firms in that sector choose whether to lay off workers or keep them on payroll. A wage subsidy encourages firms to keep workers on payroll, which speeds up labor market recovery after the pandemic ends. However, a wage subsidy can be costlier than enhancing unemployment benefits. If the shutdown is long or profit margins are low then a wage subsidy is preferable, and vice-versa. The optimal mixture of policies includes a wage subsidy that covers 90% the first $200/week of earnings, and expands unemployment benefits to cover all salary up to $275/week. Low income workers, as well as those in less productive jobs, benefit the most from a wage subsidy.

     

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    hdl: 10419/281090
    Schriftenreihe: Queen's Economics Department working paper ; no. 1486
    Schlagworte: wage subsidy; unemployment insurance; search; pandemic; Covid-19
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  12. Information, intermediaries, and international migration
    Erschienen: 8-17-2022
    Verlag:  W.E. Upjohn Institute for Employment Research, Kalamazoo, MI

    Job seekers face substantial information frictions, especially in international labor markets where intermediaries match prospective migrants with overseas employers. We conducted a randomized trial in Indonesia to explore how information about... mehr

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    Job seekers face substantial information frictions, especially in international labor markets where intermediaries match prospective migrants with overseas employers. We conducted a randomized trial in Indonesia to explore how information about intermediary quality shapes migration outcomes. Holding access to information about the return to choosing a high-quality intermediary constant, intermediaryspecific quality disclosure reduces the migration rate, cutting use of low-quality providers. Workers who do migrate receive better pre-departure preparation and have improved experiences abroad, despite no change in occupation or destination. These results are not driven by changes in beliefs about average provider quality or the return to migration. Nor does selection explain improved outcomes for those who migrate with quality disclosure. Together, our findings are consistent with an increase in the option value of search: with better ability to differentiate offer quality, workers search longer, select higher-quality intermediaries, and ultimately have better migration experiences.

     

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    hdl: 10419/283967
    Schriftenreihe: Upjohn Institute working paper ; 22, 372
    Schlagworte: International migration; information; middlemen; quality disclosure; search
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  13. Cyclical earnings, career and employment transitions
    Erschienen: September 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover... mehr

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    This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical earnings changes and whether this arises from changes in the returns to mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational mobility. Idiosyncratic occupational mobility is the main driver of cyclical earnings risk, mainly due to cyclical shifts in the returns to this mobility. This is the main reason why the sullying effects of recessions are long-lasting. These effects manifest themselves through a collapse of the job ladder and forgone lifetime earnings gains, especially for low-paid workers, and through large lifetime earnings losses among high-paid workers who experience forced occupational mobility and poor re-employment outcomes.

     

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    hdl: 10419/265824
    Schriftenreihe: Discussion paper series / IZA ; no. 15603
    Schlagworte: earnings; unemployment; business cycle; search; occupational mobility
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  14. Simultaneous search and adverse selection
    Erschienen: September 04, 2022
    Verlag:  University of Toronto, Department of Economics, [Toronto]

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    Schriftenreihe: Working paper / University of Toronto, Department of Economics ; 734
    Schlagworte: search; adverse selection; screening; labor market; coordination frictions; search frictions
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  15. Cyclical earnings, career and employment transitions
    Erschienen: October 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover... mehr

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    This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical earnings changes and whether this arises from changes in the returns to mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational mobility. Idiosyncratic occupational mobility is the main driver of cyclical earnings risk, mainly due to cyclical shifts in the returns to this mobility. This is the main reason why the sullying effects of recessions are long-lasting. These effects manifest themselves through a collapse of the job ladder and forgone lifetime earnings gains, especially for low-paid workers, and through large lifetime earnings losses among high-paid workers who experience forced occupational mobility and poor re-employment outcomes.

     

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    hdl: 10419/267223
    Schriftenreihe: CESifo working paper ; no. 9990 (2022)
    Schlagworte: earnings; unemployment; business cycle; search; occupational mobility
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  16. Similarity and consistency in algorithm-guided exploration
    Erschienen: December 2022
    Verlag:  CESifo, Munich, Germany

    Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between... mehr

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    Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly dependent on individual preferences. In an online experiment, we study whether the willingness of participants to follow the advice of a reinforcement learning algorithm depends on the fit between their own exploration preferences and the algorithm's advice. We vary the weight that the algorithm places on exploration rather than exploitation, and model the participants' decision-making processes using a learning model comparable to the algorithm's. This allows us to measure the degree to which one's willingness to accept the algorithm's advice depends on the weight it places on exploration and on the similarity between the exploration tendencies of the algorithm and the participant. We find that the algorithm's advice affects and improves participants' choices in all treatments. However, the degree to which participants are willing to follow the advice depends heavily on the algorithm's exploration tendency. Participants are more likely to follow an algorithm that is more exploitative than they are, possibly interpreting the algorithm's relative consistency over time as a signal of expertise. Similarity between human choices and the algorithm's recommendations does not increase humans' willingness to follow the recommendations. Hence, our results suggest that the consistency of an algorithm's recommendations over time is key to inducing people to follow algorithmic advice in exploration tasks.

     

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    hdl: 10419/271832
    Schriftenreihe: CESifo working papers ; 10188 (2022)
    Schlagworte: algorithms; decision support systems; recommender systems; advice-taking; multi-armed bandit; search; exploration-exploitation; cognitive modeling
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  17. Social networks and the labour market
    Erschienen: December 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This chapter surveys recent literature on social networks and labour markets, with a specific focus on developing countries. It reviews existing research, in particular, on the use of social networks for hiring and the consequences of networks for... mehr

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    This chapter surveys recent literature on social networks and labour markets, with a specific focus on developing countries. It reviews existing research, in particular, on the use of social networks for hiring and the consequences of networks for on-the-job outcomes, including emerging literature on gender and networks. While there is consensus on the prevalence of social networks in job search there is as yet no consensus on the mechanisms for why referrals are so important: an open question is to uncover systematically the conditions under which different mechanisms are relevant. Second, the literature has documented network effects on labour productivity - mostly when there are no externalities between workers. The findings are that the effects of social ties depend very much on the type of production function assumed. An emerging literature examines whether women benefit from referrals as much as men: gender homophily might play a part in some contexts while in others women confront a bias in referrals. Finally, the literature has moved from use of observational data into lab and field experiments to confront better the challenges of identification.

     

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    hdl: 10419/272401
    Schriftenreihe: Discussion paper series / IZA ; no. 15774
    Schlagworte: social networks; labor market; search; screening; matching; productivity
    Umfang: 1 Online-Ressource (circa 31 Seiten)
  18. Firm dynamics and random search over the business cycle
    Autor*in: Audoly, Richard
    Erschienen: [2023]
    Verlag:  Federal Reserve Bank of New York, [New York, NY]

    I build a tractable random search model with firm dynamics, on-the-job search, and aggregate shocks. Multi-worker firms make recruitment decisions, choose whether to enter or exit the market, and design wage contracts. Tractability is obtained by... mehr

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    I build a tractable random search model with firm dynamics, on-the-job search, and aggregate shocks. Multi-worker firms make recruitment decisions, choose whether to enter or exit the market, and design wage contracts. Tractability is obtained by showing that, under a set of assumptions on the recruitment technology, the decisions of workers and firms can be expressed in terms of the firms' current productivity. I introduce a numerical solution method to accommodate aggregate shocks in this environment and show that the model can replicate salient features of both firm-level data on productivity and employment and aggregate time series describing the business cycle. I use this framework to quantify the drivers of worker reallocation over the recent business cycle in Britain.

     

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    hdl: 10419/284029
    Schriftenreihe: Staff reports / Federal Reserve Bank of New York ; no. 1069 (August 2023)
    Schlagworte: firm dynamics; search; business cycle
    Umfang: 1 Online-Ressource (circa 84 Seiten), Illustrationen
  19. Household income, liquidity, and optimal unemployment insurance
    Erschienen: [2023]
    Verlag:  OFCE, Paris, France

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    Schriftenreihe: Sciences Po OFCE working paper ; no 2023, 04
    Schlagworte: Unemployment insurance; liquidity; moral hazard; search; calibration
    Umfang: 1 Online-Ressource (circa 47 Seiten)
  20. Suchen und Finden : Der editorische Kommentar als Folge abduktiver Spurensuche ; Search and find : The editorial commentary as a conclusion of an abductive search of clues
    Erschienen: 2011
    Verlag:  Justus-Liebig-Universität Gießen ; FB 05 - Sprache, Literatur, Kultur. Germanistik

    Diese Dissertation analysiert Praktiken des Suchens und Findens als epistemologische Prozesse im Kontext editionsphilologischer Tätigkeiten. Den Gegenstand der Untersuchung bilden die printmediale und die digitale Edition der Chronik des Gettos... mehr

     

    Diese Dissertation analysiert Praktiken des Suchens und Findens als epistemologische Prozesse im Kontext editionsphilologischer Tätigkeiten. Den Gegenstand der Untersuchung bilden die printmediale und die digitale Edition der Chronik des Gettos Lodz/Litzmannstadt (2000-2007 und 2008-2011). Diese beiden Herausgaben bildeten optimale Voraussetzungen für eine Untersuchung des editionsphilologischen Verfahrens der Suche und des Auffindens, da aufgrund der historischen Situation sowohl materielle Lücken als auch inhaltliche Ambiguität in den Texten der Chronik vorlagen. Die Dokumentensammlung, ursprünglich eingebettet in die Wissensordnung des Gettos und primär in diesem Kontext zu verstehen, entstand insgeheim in den Jahren 1941 bis 1944 im Archiv des Gettos Litzmannstadt und ermöglicht tiefe Einblicke in das Alltagsleben des Gettos. Diese Untersuchung ist transdisziplinär ausgerichtet, indem editionsphilologische, kulturwissenschaftliche und informationstechnologische Forschungsfelder mit dem erkenntnistheoretischen Konzept der Abduktion nach Charles S. Peirce kombiniert werden. Die Rekonstruktion von Vorgängen, die zu bestimmten Fakten geführt haben, ist integraler Bestandteil des logischen Prinzips der Abduktion: Der amerikanische Philosoph Peirce entwickelte in Abgrenzung zur Deduktion und Induktion das Schlussverfahren der Abduktion; eine Operation, in der plausible Hypothesen aufgestellt werden, um Erklärungen für Fakten herbeizuführen. Die Konklusion einer Abduktion ist das Produkt eines rückschlüssigen Verfahrens – wie das Überführen des Täters nach detektivischer Spurensuche. Die Abduktion zeichnet sich gerade darin aus, dass zwischen Prämisse und Konklusion kein deduktive Folgerung, sondern ein konjekturaler Raum der Assoziation, in dem Wahrnehmungseindrücke mit Elementen eines „personal knowledge“ verknüpft werden. Die Abduktion generiert also neue gedankliche Verknüpfungen: Das Finden einer Konklusion, die Erzeugung neuer Gedanken sind immanente Schritte eines Forschungs- und Erkenntnisprozess und damit ...

     

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    Quelle: BASE Fachausschnitt AVL
    Sprache: Deutsch
    Medientyp: Dissertation
    Format: Online
    DDC Klassifikation: Literatur und Rhetorik (800)
    Schlagworte: Editionsphilologie; Suche; Finden; Abduktion; Peirce; textual philology; search; find; abduction; Literature & rhetoric
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    geb.uni-giessen.de/geb/doku/lic_ohne_pod.php

  21. Searching for arms
    experimentation with endogenous consideration sets
    Erschienen: [2021]
    Verlag:  The Foerder Institute for Economic Research, Tel Aviv University, The Eitan Berglas School of Economics, Tel Aviv, Israel

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    Sprache: Englisch
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    Schriftenreihe: Working paper / Foerder Institute for Economic Research and the Sackler Institute for Economic Studies ; no. 2021, 13
    Schlagworte: experimentation; search; endogenous consideration sets; bandit problems
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  22. The effect of privacy on market structure and prices
    Erschienen: [2023]
    Verlag:  The Pinhas Sapir Center for Development, Tel Aviv University, Tel Aviv, Israel

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    Schriftenreihe: Discussion paper / The Pinhas Sapir Center for Development ; no. 2023, 3
    Schlagworte: privacy; price discrimination; search; targeted advertising; interest-based advertising; privacy paradox
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  23. Labor market dynamics with sorting
    Autor*in: Schulz, Bastian
    Erschienen: September 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase disproportionately.... mehr

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    I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U.S. labor market data and produces realistic degrees of wage dispersion and labor market sorting.

     

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    Sprache: Englisch
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    Format: Online
    Weitere Identifier:
    hdl: 10419/282594
    Schriftenreihe: Discussion paper series / IZA ; no. 16467
    Schlagworte: search; matching; sorting; mismatch; aggregate shocks; worker heterogeneity; firm heterogeneity; unemployment dynamics
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  24. Debt maturity and the liquidity of secondary debt markets
    Erschienen: [2016]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Sprache: Englisch
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    Format: Online
    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1049 (January 2016)
    Schlagworte: debt maturity; search; liquidity
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  25. The labor market channel of macroeconomic uncertainty
    Erschienen: [2016]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1068 (June 2016)
    Schlagworte: uncertainty shocks; labor market; search; DSGE model; business cycle; survey data
    Umfang: 1 Online-Ressource (circa 59 Seiten), Illustrationen