Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/172289
Autoren: 
Carbonero, Francesco
Gartner, Hermann
Datum: 
2017
Schriftenreihe/Nr.: 
FAU Discussion Papers in Economics No. 21/2017
Zusammenfassung: 
Fixed search costs, i.e. costs that don't vary with search duration, can amplify the cyclical volatility of the labor market. To assess the size of fixed costs, we analyse the relation of search costs and search duration with data from Germany. Using an OLS regression we find that fixed search costs are nearly half of total search costs. If we use an instrumental variable estimation, it turns out that search costs are mainly fixed costs. Furthermore, we show that a search and matching model calibrated for Germany with fixed costs close to 100 percent can generate a labor market volatility that is consistent with the data.
Schlagwörter: 
search costs
search duration
unemployment volatility puzzle
JEL: 
E32
J32
J63
J64
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
155.07 kB





Publikationen in EconStor sind urheberrechtlich geschützt.