Shocks and institutions in a job matching model

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Haefke, Christian. Shocks and institutions in a job matching model. 2001
To cite or link this document: Haefke, Christian
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2001-03-01
dc.description.abstract This paper explains the divergent behavior of European an US unemployment rates using a job market matching model of the labor market with an interaction between shocks an institutions. It shows that a reduction in TF growth rates, an increase in real interest rates, and an increase in tax rates leads to a permanent increase in unemployment rates when the replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are "employment friendly". The paper also shows that an increase in turbulence, modelle as an increase probability of skill loss, is not a robust explanation for the European unemployment puzzle in the context of a matching model with both endogenous job creation and job estruction.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 568
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title Shocks and institutions in a job matching model
dc.type info:eu-repo/semantics/workingPaper 2014-06-03T07:14:05Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword job matching model
dc.subject.keyword unemployment
dc.subject.keyword unemployment benefits
dc.subject.keyword turbulence
dc.subject.keyword tfp slowdown
dc.rights.accessRights info:eu-repo/semantics/openAccess

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