Productivity Growth, Industry Location Patterns and Labor Market Frictions

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Disinflation with labor market frictions

This paper studies disinflationary shocks in a non-linear New Keynesian model with search and matching frictions and moral hazard in the labor markets. Our focus is on understanding the wage formation process as well as welfare costs of disinflations in the presence of such labor market frictions. The presence of imperfect information in labor markets imposes a lower bound on worker surplus tha...

متن کامل

Labor-Market Frictions and Optimal Inflation∗

In main theories of monetary non-neutrality the Ramsey optimal inflation rate varies between the negative of the real interest rate and zero. This paper explores how the interaction of nominal wageand search and matching frictions affect the planners choice. We show that adding the combination of such frictions to the canonical monetary model can generate an optimal inflation that is significan...

متن کامل

Aggregate Asset Pricing with Labor Market Frictions ∗

Even though labor income represents about two thirds of disposal income to household, its role has largely been neglected by asset pricing models. In this paper, we solve a general equilibrium model which can both rationalize important feature of labor markets as well as financial markets. To this end, we embed labor market search frictions into a business cycle model where the representative h...

متن کامل

Stars and Misfits: Self-Employment and Labor Market Frictions

Recent evidence has shown that entrants into self-employment are disproportionately drawn from the tails of the earnings and ability distributions. This observation is explained by a multi-task model of occupational choice in which frictions in the labor market induces mismatches between firms and workers, and mis-assignment of workers to tasks. The model also yields distinctive predictions rel...

متن کامل

The Impact of Productivity Growth on Labor Market Dynamics

This paper studies the impact of productivity growth on the rates of worker ‡ows, and thus the unemployment rate. I …nd that in the U.S. labor market, faster productivity growth reduces the separation rate and the unemployment rate in the long-run. I incorporate disembodied technological progress, on-the-job search and sunk costs of creating job positions into a model of endogenous job separati...

متن کامل

ذخیره 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: SSRN Electronic Journal

سال: 2019

ISSN: 1556-5068

DOI: 10.2139/ssrn.3370002