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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19692| Title: | On-the-job search and the cyclical dynamics of the labor market |
| Keywords: | J64 E32 E24 ddc:330 Search and matching job-to-job mobility worker flows Beveridge curve business cycle propagation Arbeitsuche Arbeitsmobilität Dynamisches Gleichgewicht Matching Beveridge-Kurve Konjunktur Arbeitslosigkeit Friktionelle Arbeitslosigkeit Schätzung USA |
| Issue Date: | 16-Oct-2013 |
| Description: | We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies induce more on-the-job search. By keeping job creation costs low for firms, on-the-job search greatly amplifies shocks. In our baseline calibration, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are close to the data, and leads output to be highly autocorrelated. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19692 |
| Other Identifiers: | http://hdl.handle.net/10419/19692 ppn:543471748 RePEc:zbw:bubdp1:6136 |
| Appears in Collections: | EconStor |
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