This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Turbulence And Unemployment In A Job Matching Model Author info | Abstract | Publisher info | Download info | Related research | Statistics Wouter J. den Haan (London Business School,)
Christian Haefke (Universitat Pompeu Fabra,)
Garey Ramey (University of California, San Diego,)
Additional information is available for the following
registered author(s):
According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in economic turbulence, leading to greater numbers of unemployed workers with obsolete skills. These workers refuse newjobs due to high unemployment benefits. In this paper we reassess the turbulence-unemployment relationship using a matching model with endogenous job destruction. In our model, higher turbulence reduces the incentives of employed workers to leave their jobs. If turbulence has only a tiny effect on the skills of workers experiencing endogenous separation, then the results of Ljungqvist and Sargent (1998, 2004) are reversed, and higher turbulence leads to a reduction in unemployment. Thus, changes in turbulence cannot provide an explanation for European unemployment that reconciles the incentives of both unemployed and employed workers. (JEL: E24, J64) Copyright (c) 2005 by the European Economic Association.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by MIT Press in its journal Journal of the European Economic Association .
Volume (Year): 3 (2005)
Issue (Month): 6 (December)
Pages: 1360-1385
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:tpr:jeurec:v:3:y:2005:i:6:p:1360-1385Contact details of provider: Web page: http://www.mitpressjournals.org/jeea
Order Information: Web: http://www.mitpressjournals.org/jeea
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
Paper den Haan, Wouter J. & Haefke, Christian & Ramey, Garey, 2004.
"Turbulence and Unemployment in a Job Matching Model ,"
IZA Discussion Papers
1403, Institute for the Study of Labor (IZA).
[Downloadable!] Wouter J. Den Haan & Christian Haefke & Garey Ramey, 2004.
"Turbulence and Unemployment in a Job Matching Model ,"
Economics Working Papers
792, Department of Economics and Business, Universitat Pompeu Fabra.
[Downloadable!] Den Haan, Wouter & Haefke, Christian & Ramey, Gary, 2004.
"Turbulence and Unemployment in a Job Matching Model ,"
CEPR Discussion Papers
4765, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Luca Nunziata, 2002.
"Unemployment, Labour Market Institutions and Shocks ,"
Economics Papers
2002-W16, Economics Group, Nuffield College, University of Oxford.
[Downloadable!]
Mortensen, Dale T & Pissarides, Christopher A, 1999.
"Unemployment Responses to 'Skill-Biased' Technology Shocks: The Role of Labour Market Policy ,"
Economic Journal ,
Royal Economic Society, vol. 109(455), pages 242-65, April.
[Downloadable!] (restricted)
Christian Haefke, 2001.
"Shocks and Institutions in a Job Matching Model ,"
Economics Working Papers
568, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2001.
[Downloadable!]
Other versions:
Wouter den Haan & Christian Haefke & Garey Ramey, 2001.
"Shocks and Institutions in a Job Matching Model ,"
University of California at San Diego, Economics Working Paper Series
2001-14, Department of Economics, UC San Diego.
[Downloadable!] Den Haan, Wouter & Haefke, Christian & Ramey, Gary, 2001.
"Shocks and Institutions in a Job Matching Model ,"
CEPR Discussion Papers
2970, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Wouter Den Haan & Christian Haefke & Garey Ramey, 2001.
"Shocks and Institutions in a Job Matching Model ,"
NBER Working Papers
8463, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Stephen Nickell, 2003.
"Labour Market Institutions and Unemployment in OECD Countries ,"
CESifo DICE Report ,
Ifo Institute for Economic Research at the University of Munich, vol. 1(2), pages 13-26, October.
[Downloadable!]
Christopher A. Pissarides & Giovanna Vallanti, 2004.
"Productivity Growth and Employment: Theory and Panel Estimates ,"
CEP Discussion Papers
dp0663, Centre for Economic Performance, LSE.
[Downloadable!]
Robert E. Hall & Edward P. Lazear, 1984.
"The Excess Sensitivity of Layoffs and Quits to Demand ,"
NBER Working Papers
0864, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Hall, Robert E & Lazear, Edward P, 1984.
"The Excess Sensitivity of Layoffs and Quits to Demand ,"
Journal of Labor Economics ,
University of Chicago Press, vol. 2(2), pages 233-57, April.
[Downloadable!] (restricted)
Blanchard, Olivier & Wolfers, Justin, 2000.
"The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence ,"
Economic Journal ,
Royal Economic Society, vol. 110(462), pages C1-33, March.
[Downloadable!] (restricted)
Other versions: den Haan, Wouter J. & Ramey, Garey & Watson, Joel, 2000.
"Job destruction and the experiences of displaced workers ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 52(1), pages 87-128, June.
[Downloadable!] (restricted)
Other versions: McLaughlin, Kenneth J, 1991.
"A Theory of Quits and Layoffs with Efficient Turnover ,"
Journal of Political Economy ,
University of Chicago Press, vol. 99(1), pages 1-29, February.
[Downloadable!] (restricted)
Robert E. Hall, 1998.
"Labor-Market Frictions and Employment Fluctuations ,"
NBER Working Papers
6501, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Lars Ljungqvist & Thomas J. Sargent, 1998.
"The European Unemployment Dilemma ,"
Journal of Political Economy ,
University of Chicago Press, vol. 106(3), pages 514-550, June.
[Downloadable!] (restricted)
Other versions:
Lars Ljungqvist & Thomas J. Sargent, 1995.
"The European unemployment dilemma ,"
Working Paper Series, Macroeconomic Issues
95-17, Federal Reserve Bank of Chicago.
Ljungqvist, Lars & Sargent, Thomas J., 1997.
"The European Unemployment Dilemma ,"
Working Paper Series in Economics and Finance
178, Stockholm School of Economics.
Ljungqvist, L & Sargent, T-J, 1997.
"The European Unemployment Dilemma ,"
Research Institute of Industrial Economics Working Papers
481, Research Institute of Industrial Economics (IFN).
Lars Ljungqvist & Thomas J. Sargent, 1996.
"The European Unemployment Dilemma ,"
EUI-RSCAS Working Papers
36, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
[Downloadable!] Ljungqvist, Lars & Sargent, Thomas J., 1997.
"The European Unemployment Dilemma ,"
Working Paper Series
481, Research Institute of Industrial Economics.
[Downloadable!] Lawrence Kahn, 2003.
"Labour Market Institutions and Unemployment in OECD Countries ,"
CESifo DICE Report ,
Ifo Institute for Economic Research at the University of Munich, vol. 1(4), pages 25-32, October.
[Downloadable!]
Becker, Gary S & Landes, Elisabeth M & Michael, Robert T, 1977.
"An Economic Analysis of Marital Instability ,"
Journal of Political Economy ,
University of Chicago Press, vol. 85(6), pages 1141-87, December.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2006.
"Technology-policy interaction in frictional labor markets ,"
Working Paper
06-10, Federal Reserve Bank of Richmond.
[Downloadable!]
Other versions: Felix Reichling, 2005.
"Retraining the Unemployed in a Matching Model with Turbulence ,"
Macroeconomics
0506012, EconWPA.
[Downloadable!]
Mathan Satchi & Jonathan Temple, 2006.
"Growth and labour markets in developing countries ,"
Bristol Economics Discussion Papers
06/581, Department of Economics, University of Bristol, UK.
[Downloadable!]
Other versions: Georg Duernecker, 2008.
"Technology Adoption, Turbulence and the Dynamics of Unemployment ,"
Economics Working Papers
ECO2008/10, European University Institute.
[Downloadable!]
Access and
download statistics Did you know? Citation analysis on IDEAS includes online papers that are freely accessible and whose text could be automatically analyzed, currently about 210000 papers.
This page was last updated on 2009-11-16.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .