Arbeitspapier
Reciprocity and matching frictions
We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities jointly, this approach performs reasonably well along both dimensions. The proper introduction of real rigidities can consistently enhance the performance of the (endogenous separation) matching model.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1616
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Labor Contracts
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
Efficiency Wages
Endogenous Separations
Search and Matching
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wesselbaum, Dennis
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Wesselbaum, Dennis
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2010
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