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Title:They are even larger! More (on) puzzling labor market volatilities PDF Logo
Authors:Gartner, Hermann
Merkl, Christian
Rothe, Thomas
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4403
Abstract:This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and simulate a simple dynamic labor market model with heterogeneous worker productivity. This model is able to explain the higher German labor market volatilities by a longer expected job duration.
Subjects:Labor market volatilities
unemployment
worker flows
vacancies
job-finding rate
market tightness
JEL:J6
E24
E32
Persistent Identifier of the first edition:urn:nbn:de:101:1-200910091053
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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