Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
نویسندگان
چکیده
منابع مشابه
Unemployment and the Asset Market for Jobs
Search models of unemployment motivate analysis through a matching problem between two distinct groups in the economy: firms and workers. A question which arises is why can’t workers circumvent search frictions by creating jobs themselves? Meanwhile, firms are able to supply vacant jobs perfectly elastically: how are vacancies sourced? I address these concerns in an environment where ex ante id...
متن کاملFirms, Jobs and Employment in Moldova
The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...
متن کاملSelf-Stabilizing Firms and Unemployment Persistence
The question of why the unemployment rate takes a long time before it reverts back to its natural-rate following a negative exogenous shock has been the subject of unremitting interest in macroeconomics. This paper shows that the speed of adjustment to the steady-state unemployment and the degree of risk-aversion in firms are positively related. The reason is that risk-aversion in firms creates...
متن کاملTrade Liberalization and Capital Flows: a Perspective of Comparative Advantage and Heterogeneous Firms
Motivated by the non-linear and S-shaped pattern between trade liberalization and capital inflow observed in cross country data, this paper offers a new perspective in understanding the relation between these two. The static model nests Melitz style heterogenous firms with endogenous mark-up within a classical Heckscher-Ohlin style comparative advantage frame work. In this integrated model trad...
متن کاملComparative advantage and heterogeneous firms
This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations’ responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. Thes...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2013
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.5.1.1