کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5098579 | 1478701 | 2014 | 48 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
On-the-job search and cyclical unemployment: Crowding out vs. vacancy effects
ترجمه فارسی عنوان
جستجوی بیکاری و بیکاری چرخه ای: اثرات خاموشی و انفجار
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
چکیده انگلیسی
Incorporating on-the-job search (OTJS) into a real business cycle model has been shown to increase the cyclical volatility of unemployment. Using a particularly simple model of OTJS, we show that the increased search of employed workers during expansions induces firms to open more vacancies, but also crowds out unemployed workers in the job search, resulting in an ambiguous overall effect on unemployment volatility. We show analytically and numerically that the difference between the employer׳s share of the match surplus with an employed versus an unemployed job seeker determines the degree to which OTJS increases unemployment volatility. We use this result to re-consider some related papers of OTJS and explain the amplification of volatility they obtain. Finally, we show that a plausible calibration of the OTJS model allows us to reproduce most significant features of the US labor data.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 44, July 2014, Pages 235-250
Journal: Journal of Economic Dynamics and Control - Volume 44, July 2014, Pages 235-250
نویسندگان
Daniel Martin, Olivier Pierrard,