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Empirical Matching Fuctions Estimation And Interpretation Using Disaggregate Data
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Book Synopsis Empirical Matching Functions by : Patricia M. Anderson
Download or read book Empirical Matching Functions written by Patricia M. Anderson and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we estimate matching functions using disaggregate data. We find strong support for the matching approach, with most specifications implying slightly increasing returns to scale. This finding does not appear to arise from our inclusion of additional controls or from the level of disaggregation, and so we conclude that earlier findings of constant returns in the US may be due to the various approximations needed to construct an aggregate time series. We also find evidence of endogenous job competition between the employed and nonemployed, so that the estimated parameters from a matching function cannot be interpreted as structural parameters.
Book Synopsis Equilibrium Unemployment Theory, second edition by : Christopher A. Pissarides
Download or read book Equilibrium Unemployment Theory, second edition written by Christopher A. Pissarides and published by MIT Press. This book was released on 2000-03-02 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.
Book Synopsis The Flow Analysis of Labour Markets by : Ronald Schettkat
Download or read book The Flow Analysis of Labour Markets written by Ronald Schettkat and published by Routledge. This book was released on 1996-08-08 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well-functioning labour markets are a precondition for economic development. Here leading researchers present an overview of labour market workings providing new theoretical and empirical insights.
Download or read book Working Paper Series written by and published by . This book was released on 1998 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Nonlinear Labor Market Dynamics by : Michael Neugart
Download or read book Nonlinear Labor Market Dynamics written by Michael Neugart and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonlinear Labor Market Dynamics discusses adjustment processes in labor markets. Contrary to linear-stochastic approaches this book is based on a non-linear deterministic framework. It is shown that even textbook-like-models of the labor market can generate long lasting adjustment processes, local instabilities, and chaotic movements, once nonlinear relationships and widely accepted adjustment rules are introduced. Thus, labor market dynamics may have an endogenous component that is governed by a nonlinear deterministic core. Of course, all results are tied to the particular models discussed in this book. Nevertheless, these models imply that by incorporating nonlinear relationships, one may arrive at an explanation of labor market behavior where linear stochastic approaches fell. Time series studies for German labor market data support this point of view.
Book Synopsis Re-employment Probabilities and Returns to Matching by : Barbara Petrongolo
Download or read book Re-employment Probabilities and Returns to Matching written by Barbara Petrongolo and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Université catholique de Louvain (1835-1969). Centre de recherches économiques Publisher : ISBN 13 : Total Pages :486 pages Book Rating :4.3/5 ( download)
Book Synopsis Bulletin by : Université catholique de Louvain (1835-1969). Centre de recherches économiques
Download or read book Bulletin written by Université catholique de Louvain (1835-1969). Centre de recherches économiques and published by . This book was released on 1996 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mismatch Explanations of European Unemployment by : Horst Entorf
Download or read book Mismatch Explanations of European Unemployment written by Horst Entorf and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour demand and supply - in other words, to greater mismatch, but existing mismatch indicators do not support this view. However, the obvious inference is not legitimate because the evidence is based on trended data, and thus gives rise to spurious statistical results. To get around the problem, the author uses the dynamic flow approach to structural unemployment and disaggregated data. The reader will find new results on "non-spurious" mismatch tendencies, occupational reallocation, the matching of apprentices, and the importance of matching and mobility for wage differentials.
Book Synopsis Disaggregate Matching Functions by : René Fahr
Download or read book Disaggregate Matching Functions written by René Fahr and published by . This book was released on 2001 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economica written by and published by . This book was released on 1996 with total page 934 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Relations Journal written by and published by . This book was released on 1998 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Spatial Mismatch and Skill Accumulation by : Philippe Monfort
Download or read book Spatial Mismatch and Skill Accumulation written by Philippe Monfort and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Matching Across Space by : Michael C. Burda
Download or read book Matching Across Space written by Michael C. Burda and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment Dynamics, Duration and Equilibrium by : Simon M. Burgess
Download or read book Unemployment Dynamics, Duration and Equilibrium written by Simon M. Burgess and published by . This book was released on 2000 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring Business Cycles by : Marianne Baxter
Download or read book Measuring Business Cycles written by Marianne Baxter and published by . This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a set of approximate band-pass filters designed for use in a wide range of economic applications. In particular, we design and implement a specific band-pass filter which isolates business-cycle fluctuations in macroeconomic time series. This filter was designed to isolate fluctuations in the data which persist for periods of two through eight years. This filter also 'detrends' the data, in the sense that it will render stationary time series that are integrated of order two or less, or that contain deterministic time trends. We apply our filter to several of the key macroeconomic time series, and describe the picture of the U.S. postwar business cycle that emerges from our analysis. We also provide detailed comparisons with several alternative detrending methods.
Book Synopsis Twin Peaks in Regional Unemployment and Returns to Scale in Job-matching in the Czech Republic by : Stefan Profit
Download or read book Twin Peaks in Regional Unemployment and Returns to Scale in Job-matching in the Czech Republic written by Stefan Profit and published by . This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Differential Information and Dynamic Behavior of Stock Trading Volume by : Hua He
Download or read book Differential Information and Dynamic Behavior of Stock Trading Volume written by Hua He and published by . This book was released on 1995 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a multi-period rational expectations model of stock trading in which investors have differential information concerning the underlying value of the stock. Investors trade competitively in the stock market based on their private information and the information revealed by the market-clearing prices, as well as other public news. We examine how trading volume is related to the information flow in the market and how investors' trading reveals their private information.