Arbeitspapier
They are even larger! More (on) puzzling labor market volatilities
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.
- Sprache
-
Deutsch
- ISBN
-
3938369736
- Erschienen in
-
Series: Kiel Working Paper ; No. 1545
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Unemployment
Worker Flows
Vacancies
Job-Finding Rate
Market Tightness
Arbeitsmarkt
Arbeitsmobilität
Volatilität
Offene Stellen
Arbeitsuche
Betriebszugehörigkeit
Theorie
Deutschland
Merkl, Christian
Rothe, Thomas
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Gartner, Hermann
- Merkl, Christian
- Rothe, Thomas
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2009