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Unemployment and business cycles
We develop and estimate a general equilibrium search and matching model that accounts
for key business cycle properties of macroeconomic aggregates, including labor market …
for key business cycle properties of macroeconomic aggregates, including labor market …
Land prices and unemployment
We integrate the housing market and the labor market in a dynamic general equilibrium
model with credit and search frictions. We argue that the labor channel, combined with the …
model with credit and search frictions. We argue that the labor channel, combined with the …
Mismatch shocks and unemployment during the Great Recession
We investigate the macroeconomic consequences of fluctuations in the effectiveness of the
labor market matching process with a focus on the Great Recession. We conduct our …
labor market matching process with a focus on the Great Recession. We conduct our …
The medium is the measure: Technical change and employment, 1909—1949
M Alexopoulos, J Cohen - Review of economics and statistics, 2016 - direct.mit.edu
New indicators, based on technology titles, are used to measure the impact of innovative
activity on the US labor market between 1909 and 1949. We find that positive technology …
activity on the US labor market between 1909 and 1949. We find that positive technology …
Labor market dynamics: a time‐varying analysis
This paper studies how key labour market stylized facts and the responses of labour market
variables to technology shocks vary over the US postwar period. It uses a benchmark …
variables to technology shocks vary over the US postwar period. It uses a benchmark …
The cyclical behavior of equilibrium unemployment and vacancies across OECD countries
PS Amaral, M Tasci - European Economic Review, 2016 - Elsevier
We show that the inability of a standardly calibrated labor search-and-matching model to
account for observed levels of labor market volatility extends beyond the US to a set of …
account for observed levels of labor market volatility extends beyond the US to a set of …
Land collateral and labor market dynamics in France
The value of land in the balance sheet of French firms correlates positively with their hiring
and investment flows. To explore the relationship between these variables, we develop a …
and investment flows. To explore the relationship between these variables, we develop a …
[CARTE][B] Labor productivity, effort and the euro area business cycle
The Euro Area is characterized by little variation in unemployment and strongly procyclical
labor productivity. We capture both characteristics in a New Keynesian business cycle …
labor productivity. We capture both characteristics in a New Keynesian business cycle …
The intensive margin puzzle and labor market adjustment costs
D Wesselbaum - Macroeconomic Dynamics, 2016 - cambridge.org
This paper documents a puzzling fact, namely that there is a significant negative relation
between employment protection legislation and the usage of the intensive margin of labor …
between employment protection legislation and the usage of the intensive margin of labor …
[PDF][PDF] The determinants of the cycles and trends in US unemployment
R Barnichon, A Figura - Unpublished manuscript, CREI, 2012 - Citeseer
This paper presents an accounting framework using CPS micro data and an aggregate
matching function to analyze the determinants of unemployment movements at all …
matching function to analyze the determinants of unemployment movements at all …