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In the standard macroeconomic search and matching model of the labor market, there is a tight link between the quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This tight link is at odds with the empirical literature. We...
Persistent link: https://www.econbiz.de/10011625891
In the standard macroeconomic search and matching model of the labor market, there is a tight link between the quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This tight link is at odds with the empirical literature. We...
Persistent link: https://www.econbiz.de/10012111816
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This paper presents an overview of the application of the mathematical theory of 'high-Iow' search to firms' pricing …
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negotiations. Wage and employment decisions are assumed to be made before business conditions are known; thus these decisions …
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