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Title:On the Introduction of Firing Costs PDF Logo
Authors:Ahrens, Steffen
Wesselbaum, Dennis
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Search and Matching on the Labor Market E14-V3
Abstract:This paper analysis two types of firing costs in a New Keynesian model with search and matching frictions and purely endogenous separations. We further distinguish between the effects resulting from respecting and non-respecting the bonding critique. We find that the two types of firing costs similarly influence the model dynamics and generate comparable second business cycle moments. However, the decision whether to respect or disrespect the bonding critique is crucial for the evolution of the system dynamics. This is especially true, when comparing American and European calibration.
Subjects:Beveridge Curve
Endogenous Separations
Firing Costs
JEL:E24
E32
J64
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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