Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30054
Authors: 
Wesselbaum, Dennis
Year of Publication: 
2010
Series/Report no.: 
Kiel Working Paper 1585
Abstract: 
Shocks driving the business cycle have different effects on low-skilled and high-skilled workers. This paper studies the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary sector-specific shocks have reallaction and aggregate effects. Permanent shocks explain wedges in real wages and different performances in labor markets. Furthermore, the model is able to replicate an aggregate Beveridge curve.
Subjects: 
Beveridge Curve
Matching
Sectoral Productivity Shock
JEL: 
E24
J24
J41
Document Type: 
Working Paper

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