| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13115 |
| 来源ID | Working Paper 13115 |
| Implications of Search Frictions: Matching Aggregate and Establishment-level Observations | |
| Russell Cooper; John Haltiwanger; Jonathan L. Willis | |
| 发表日期 | 2007-05-24 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the distribution of net employment growth and the comovement of hours and employment growth. A search model with frictions in hiring and firing is used as a framework to understand these observations. Notable features of this search model include non-convex costs of posting vacancies, establishment level profitability shocks and a contracting framework that determines the response of hours and wages to shocks. The search friction creates an endogenous, cyclical adjustment cost. We specify and estimate the parameters of the search model using simulated method of moments to match establishment-level and aggregate observations. The estimated search model is able to capture both the aggregate and establishment-level facts. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w13115 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570783 |
| 推荐引用方式 GB/T 7714 | Russell Cooper,John Haltiwanger,Jonathan L. Willis. Implications of Search Frictions: Matching Aggregate and Establishment-level Observations. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13115.pdf（359KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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