They are even larger! More (on) puzzling labor market volatilities

Arbeitspapier

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and simulate a simple dynamic labor market model with heterogeneous worker productivity. This model is able to explain the higher German labor market volatilities by a longer expected job duration.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 4403

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Business Fluctuations; Cycles
• Thema: Labor market volatilities ; unemployment ; worker flows ; vacancies ; job-finding rate ; market tightness ; Arbeitsmarkt ; Arbeitsmobilität ; Volatilität ; Offene Stellen ; Arbeitsuche ; Betriebszugehörigkeit ; Theorie ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gartner, Hermann ; Merkl, Christian ; Rothe, Thomas
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/35880
• URN: urn:nbn:de:101:1-200910091053
• Letzte Aktualisierung: 20.09.2024, 08:24 MESZ