Three Essays on Frictional Labor Markets
Author : Georg Duernecker
Publisher :
Page : 152 pages
File Size : 37,91 MB
Release : 2010
Category : Labor economics
ISBN :
Author : Georg Duernecker
Publisher :
Page : 152 pages
File Size : 37,91 MB
Release : 2010
Category : Labor economics
ISBN :
Author : Sumon Majumdar
Publisher :
Page : 348 pages
File Size : 17,11 MB
Release : 2001
Category : Labor market
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Author : Lee Tucker
Publisher :
Page : 0 pages
File Size : 34,11 MB
Release : 2018
Category :
ISBN :
Author : Arthur Jacob Hosios
Publisher :
Page : 272 pages
File Size : 36,30 MB
Release : 1982
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Author : Natalia Kolesnikova
Publisher :
Page : 0 pages
File Size : 41,26 MB
Release : 2007
Category :
ISBN :
Author : Seung Gyu Sim
Publisher :
Page : 95 pages
File Size : 12,32 MB
Release : 2010
Category :
ISBN :
Author : Huanan Xu
Publisher :
Page : 0 pages
File Size : 33,4 MB
Release : 2016
Category :
ISBN :
Author : Clara Barrabes Solanes
Publisher :
Page : 93 pages
File Size : 13,45 MB
Release : 2007
Category : Labor economics
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Author : Alain Delacroix
Publisher :
Page : 179 pages
File Size : 27,19 MB
Release : 1999
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ISBN :
Author : Sayoudh Roy
Publisher :
Page : 0 pages
File Size : 23,23 MB
Release : 2021
Category : Frictional unemployment
ISBN :
This thesis is a collection of three chapters that study various aspects of the labor force. The first two chapters study how labor markets respond to aggregate influences, when labor market frictions interact with other market features, and a third chapter that evaluates the impact of heterogeneity in households on interest rates. In the first two chapters, I focus on how the post-recession recovery of labor market variables is affected by imperfections in the market. The first chapter investigates the role of on-the-job search in the recovery process of employment, and how labor market power can suppress wages and incentivize against on-the-job search. Labor Market power allows a small number of firms to influence wages and employment in the market, and the suppression of wages persuades workers against expending costly search effort. The second chapter focuses on how the presence of financial frictions can affect the response of labor market variables in a frictional labor market. When bank liquidity is constrained in the event of a downturn, affecting the amount of loans available to firms, firms are unable to purchase the capital input they require to complement labor. This results in firms posting fewer vacancies, and a lower matching rate for workers, which hinders the recovery of employment. The third chapter introduces discount rate heterogeneity in Huggett (1993) and Aiyagari (1994) and evaluates the impact on interest rates.