Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28387
Authors: 
Ahrens, Steffen
Wesselbaum, Dennis
Year of Publication: 
2009
Series/Report no.: 
Kiel Working Paper 1559
Abstract: 
This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with 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 do not show significant differences. However, respecting the bonding critique enhances the overall performance of the model.
Subjects: 
Beveridge Curve
Endogenous Separations
Firing Costs
JEL: 
E24
E32
J64
Document Type: 
Working Paper

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