scholarly journals Labor supply shocks and the Beveridge Curve — Empirical evidence from EU enlargement

2020 ◽  
Author(s):  
Stefan Schiman
Keyword(s):  
Labor Supply ◽  
Empirical Evidence ◽  
Eu Enlargement ◽  
Beveridge Curve ◽  
Supply Shocks

scholarly journals Firing costs in a business cycle model with endogenous separations

2015 ◽  
Vol 42 (3) ◽  
pp. 499-518
Author(s):  
Dennis Wesselbaum
Keyword(s):  
Business Cycle ◽  
Empirical Evidence ◽  
Employment Protection ◽  
Cycle Model ◽  
Beveridge Curve ◽  
Flow Rates ◽  
Content Type ◽  
Firing Costs ◽  
Cross Country ◽  
Business Cycle Model

Purpose – The purpose of this paper is to introduce productivity-dependent firing costs into an otherwise standard endogenous separations matching model. The authors suggest an alternative to the standard fix cost approach and account for empirical evidence emphasizing that firing costs vary across workers. The authors show that the model with firing costs outperformes the model without firing costs and replicates the empirical facts fairly well. Furthermore, the authors present cross-country evidence that countries with stricter employment protection have a weaker Beveridge curve relation and surprisingly more volatile job flow rates. Design/methodology/approach – The authors begin the analysis at the intersection of labor and product markets. For this purpose, the authors derive a real business cycle model with search and matching frictions and endogenous separations. The authors enrich this set-up by introducing productivity-dependent firing costs. Findings – The authors show that the model with firing costs outperformes the model without firing costs and replicates the empirical facts fairly well. Furthermore, the authors present cross-country evidence that countries with stricter employment protection have a weaker Beveridge curve relation and surprisingly more volatile job flow rates. Originality/value – This paper introduces productivity-dependent firing costs into an otherwise standard endogenous separations matching model. The authors suggest an alternative to the standard fix cost approach and account for empirical evidence emphasizing that firing costs vary across workers. The authors show that the model with firing costs outperformes the model without firing costs and replicates the empirical facts fairly well. Furthermore, the authors present cross-country evidence that countries with stricter employment protection have a weaker Beveridge curve relation and surprisingly more volatile job flow rates.

scholarly journals Marriage and Marriage Markets

2017 ◽  
pp. 54-74
Author(s):  
Shoshana Grossbard
Keyword(s):  
Labor Market ◽  
Sex Ratio ◽  
Labor Supply ◽  
Empirical Evidence ◽  
Sex Ratios ◽  
Economic Models ◽  
Marriage Markets ◽  
Gary Becker ◽  
Marriage Formation ◽  
The Impact

This chapter reviews models of marriage, with special emphasis on how the sex ratio can help explain outcomes such as marriage formation, the intramarriage distribution of consumption goods, labor supply, savings, type of relationship, divorce, and intermarriage. Economic models of marriage pioneered by Gary Becker are reviewed in the first section and then extended in the next section to incorporate the labor market for the work-in-household approach of Grossbard. The following section discusses challenges in identifying exogenous variation in sex ratios and presents empirical evidence on the impact of sex ratios on labor supply, consumption, savings, and several other outcomes.

scholarly journals Income and Substitution Effects of Estate Taxation

2013 ◽  
Vol 103 (3) ◽  
pp. 484-488 ◽  
Author(s):  
James R Hines
Keyword(s):  
Labor Supply ◽  
Empirical Evidence ◽  
Substitution Effect ◽  
Relative Price ◽  
Substitution Effects ◽  
Price Changes ◽  
Estate Tax ◽  
Income Effects ◽  
Estate Taxation ◽  
Estate Taxes

This paper evaluates the effect of estate taxes on labor supply. The analysis decomposes the effect of estate taxation into the substitution effect of relative price changes and the two income effects for which the estate tax is responsible. These two income effects arise from tax burdens on those who leave estates plus tax burdens on those who receive them. Despite the double income burden of the estate tax, existing empirical evidence suggests that the net effect of estate taxation on aggregate labor supply is uncertain.

Financial Amplification of Labor Supply Shocks

2020 ◽  
Author(s):  
Nina Biljanovska ◽  
Alexandros Vardoulakis
Keyword(s):  
Labor Supply ◽  
Supply Shocks
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