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Unemployment dynamics and the cost of business cycles

Author

Listed:
  • Sophie Osotimehin

    (CREST-INSEE)

  • François Langot

    (GAINS-TEPP (Le Mans University))

  • Jean-Olivier Hairault

    (Paris School of Economics)

Abstract

endogenous, provided the structural model is able to reproduce its volatility. Moreover, the matching model embeds other non-linearities, which alter the average job finding rate and consequently the business cycle cost.

Suggested Citation

  • Sophie Osotimehin & François Langot & Jean-Olivier Hairault, 2009. "Unemployment dynamics and the cost of business cycles," 2009 Meeting Papers 492, Society for Economic Dynamics.
  • Handle: RePEc:red:sed009:492
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    References listed on IDEAS

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    Cited by:

    1. Alain Serres & Fabrice Murtin, 2014. "Unemployment at risk: the policy determinants of labour market exposure to economic shocks," Economic Policy, CEPR;CES;MSH, vol. 29(80), pages 603-637, October.
    2. Andersen, Torben M. & Svarer, Michael, 2009. "Business cycle dependent unemployment insurance," Kiel Working Papers 1498, Kiel Institute for the World Economy (IfW).
    3. Jean-Olivier Hairault & Francois Langot & Sophie Osotimehin, 2010. "Matching frictions, unemployment dynamics and the cost of business cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(4), pages 759-779, October.
    4. Philip Jung & Keith Kuester, 2008. "The (un)importance of unemployment fluctuations for welfare," Working Papers 08-31, Federal Reserve Bank of Philadelphia, revised 29 Apr 2009.
    5. Jana Kremer & Nikolai Stähler, 2016. "Structural and Cyclical Effects of Tax Progression," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 72(1), pages 41-73, March.
    6. Thomas COUDERT & Thierry BETTI, 2016. "How harmful are cuts in public employment and wage in times of high unemployment?," Working Papers of LaRGE Research Center 2016-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.

    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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