Shocks and institutions in a job matching model

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• dc.contributor.author Haefke, Christianca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T12:07:52Z
• dc.date.available 2017-07-26T12:07:52Z
• dc.date.issued 2001-03-01
• dc.date.modified 2017-07-23T02:06:22Z
• 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.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=568
• dc.identifier.uri http://hdl.handle.net/10230/768
• 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.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• 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.subject.keyword Macroeconomics and International Economics
• dc.title Shocks and institutions in a job matching modelca
• dc.type info:eu-repo/semantics/workingPaper