Add to ORKGWe show that in micro data, as well as in a search and matching model with endogenous separations and rigid wages, separations and hence employment volatility are non-neutral to wage rigidities of incumbent workers. In contrast to when all wages are flexible, the standard deviation of unemployment in a model with rigid wages for incumbent workers (only) matches the standard deviation in the data. Thus, the degree of wage rigidity for newly hired workers is not a sufficient statistic for determining the effect of wage rigidities on macroeconomic outcomes in this class of models
The business-cycle behavior of a matching model with endogenous separations is studied in this paper...
AbstractIn this paper, we provide empirical evidence that real wage rigidity is not a major cause of...
The Mortensen and Pissarides (1994) matching model with all wages negotiated each period is shown i...
We show that in micro data, as well as in a search and matching model with endogenous separations an...
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common sol...
Standard macroeconomic models underpredict the volatility of unemployment uctuations. A common solut...
Two thirds of US unemployment volatility is due to fluctuations in workers' job-finding rate. In sea...
Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatil...
Two thirds of US unemployment volatility is due to fluctuations in workers' job finding rate. In sea...
In this paper, we provide empirical evidence that real wage rigidity is not a major cause of unemplo...
This paper introduces risk averse workers into a search and matching model and considers the quanti...
I study the cyclical behavior of an equilibrium search model with endogenous job creation and destru...
Recent research seeking to explain the strong cyclicality of US unemployment emphasizes the role of ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
I study the cyclical behavior of an equilibrium search model with endogenous job creation and destru...
The business-cycle behavior of a matching model with endogenous separations is studied in this paper...
AbstractIn this paper, we provide empirical evidence that real wage rigidity is not a major cause of...
The Mortensen and Pissarides (1994) matching model with all wages negotiated each period is shown i...
We show that in micro data, as well as in a search and matching model with endogenous separations an...
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common sol...
Standard macroeconomic models underpredict the volatility of unemployment uctuations. A common solut...
Two thirds of US unemployment volatility is due to fluctuations in workers' job-finding rate. In sea...
Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatil...
Two thirds of US unemployment volatility is due to fluctuations in workers' job finding rate. In sea...
In this paper, we provide empirical evidence that real wage rigidity is not a major cause of unemplo...
This paper introduces risk averse workers into a search and matching model and considers the quanti...
I study the cyclical behavior of an equilibrium search model with endogenous job creation and destru...
Recent research seeking to explain the strong cyclicality of US unemployment emphasizes the role of ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
I study the cyclical behavior of an equilibrium search model with endogenous job creation and destru...
The business-cycle behavior of a matching model with endogenous separations is studied in this paper...
AbstractIn this paper, we provide empirical evidence that real wage rigidity is not a major cause of...
The Mortensen and Pissarides (1994) matching model with all wages negotiated each period is shown i...