scholarly journals Precautionary On-the-Job Search Over the Business Cycle

2017 ◽  
Author(s):  
Hie Joo Ahn ◽  
Ling Shao
Keyword(s):  
Business Cycle ◽  
Job Search ◽  
The Business Cycle

scholarly journals Job Search Behavior over the Business Cycle

2014 ◽  
Author(s):  
Toshihiko Mukoyama ◽  
Christina Patterson ◽  
Aysegul Sahin
Keyword(s):  
Business Cycle ◽  
Job Search ◽  
Search Behavior ◽  
Job Search Behavior ◽  
The Business Cycle

scholarly journals Regional Spillovers and Spatial Heterogeneity in Matching Workers and Employers in Germany

2007 ◽  
Vol 227 (3) ◽  
Author(s):  
Reinhold Kosfeld
Keyword(s):  
Business Cycle ◽  
Spatial Heterogeneity ◽  
Labour Market ◽  
Job Search ◽  
Job Matching ◽  
Matching Process ◽  
Search Intensity ◽  
Cyclical Pattern ◽  
Matching Efficiency ◽  
The Business Cycle

SummaryWhen job search takes place across labour markets, the standard flow approach to labour market analysis fails to uncover the effectiveness at which workers are matched to available jobs. A spatially augmented matching function is backed by a spatial search model with endogenous search intensity. Recent studies deal with the issue of spatial externalities by assuming the process of job matching to be homogenous across space. This study shows that this supposition is not valid for the unified Germany. Particularly differences in labour mobility give reason for the existence of West-East regimes of the matching process. Spatial heterogeneity is additionally found on the level of German macroregions. Though matching efficiency is affected by labour market characteristics, its cyclical pattern is closely related to business cycle fluctuations. Variation of regional mismatch over the business cycle can only explain a relatively small fraction of matching efficiency.

scholarly journals Okun’s Law and Youth Unemployment in Germany and Poland

2016 ◽  
Vol 49 (1) ◽  
pp. 34-57 ◽  
Author(s):  
Sophie Dunsch
Keyword(s):  
Business Cycle ◽  
Job Search ◽  
Youth Unemployment ◽  
Labor Market Institutions ◽  
Okun’S Law ◽  
Okun's Law ◽  
Age Cohorts ◽  
Cohort Differences ◽  
The Difference ◽  
The Business Cycle

Abstract Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. This paper examines changes in youth unemployment in Germany and Poland with Okun’s law, testing that young employees are more vulnerable to the business cycle. I estimate country specific Okun coefficients for five different age cohorts. The results show that youth in Poland is more sensitive to business cycle fluctuations than adults, while in Germany the difference between the age cohorts is not that distinctive. In addition, cohort differences in Germany are not statistically significant, while they are significant in Poland but only with regard to the two oldest age cohorts. A further examination of the different labor market institutions affecting youth employment suggests long-term policy recommendations extending beyond GDP growth, such as structural reforms in education, as well as job-search assistance as short-term recommendation.

scholarly journals Job Selection and Wages over the Business Cycle

2013 ◽  
Vol 103 (2) ◽  
pp. 771-803 ◽  
Author(s):  
Marcus Hagedorn ◽  
Iourii Manovskii
Keyword(s):  
Labor Market ◽  
Business Cycle ◽  
Job Search ◽  
Predictive Power ◽  
Explanatory Power ◽  
Market Conditions ◽  
History Dependence ◽  
Labor Market Conditions ◽  
Job Selection ◽  
The Business Cycle

We consider a model with on-the-job search where current wages depend only on current aggregate labor market conditions and idiosyncratic match-specific productivities. We show theoretically that the model replicates the findings in Bils (1985) and Beaudry and DiNardo (1991) on the history dependence in wages. We develop a method to measure match qualities in the data and show empirically that various variables summarizing past aggregate labor market conditions have explanatory power for current wages only because they are correlated with match qualities. They lose any predictive power once match qualities are accounted for. (JEL E3, E24, J3)

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