Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28321
Authors: 
Gartner, Hermann
Merkl, Christian
Rothe, Thomas
Year of Publication: 
2009
Series/Report no.: 
Kiel Working Paper 1545
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
ISBN: 
3938369736
Document Type: 
Working Paper

Files in This Item:
File
Size
465.05 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.