Arbeitspapier
Inspecting the relation of search cost and search duration for new hires
Fixed search costs, i.e. costs that don't vary with search duration, can amplify the cyclical volatility of the labor market. To assess the size of fixed costs, we analyse the relation of search costs and search duration with data from Germany. Using an OLS regression we find that fixed search costs are nearly half of total search costs. If we use an instrumental variable estimation, it turns out that search costs are mainly fixed costs. Furthermore, we show that a search and matching model calibrated for Germany with fixed costs close to 100 percent can generate a labor market volatility that is consistent with the data.
- Sprache
-
Englisch
- Erschienen in
-
Series: FAU Discussion Papers in Economics ; No. 21/2017
Klassifikation
Wirtschaft
Business Fluctuations; Cycles
Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
Labor Turnover; Vacancies; Layoffs
Unemployment: Models, Duration, Incidence, and Job Search
Business Fluctuations; Cycles
Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
Labor Turnover; Vacancies; Layoffs
Unemployment: Models, Duration, Incidence, and Job Search
Thema
search costs
search duration
unemployment volatility puzzle
search duration
unemployment volatility puzzle
Ereignis
Geistige Schöpfung
(wer)
Carbonero, Francesco
Gartner, Hermann
Gartner, Hermann
Ereignis
Veröffentlichung
(wer)
Friedrich-Alexander-Universität Erlangen-Nürnberg, Institute for Economics
(wo)
Nürnberg
(wann)
2017
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Carbonero, Francesco
- Gartner, Hermann
- Friedrich-Alexander-Universität Erlangen-Nürnberg, Institute for Economics
Entstanden
- 2017
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