Productivity Growth, On-the-Job Search, and Unemployment

スポンサーリンク

概要

• 論文の詳細を見る

• This paper studies the impact of long-run productivity growth on job …nding and separation rates, and thus the unemployment rate, using a search and matching model. Weincorporate disembodied technological progress and on-the-job search into the endogenous job separation model of Mortensen and Pissarides (1994). The incorporation of on-the-job search allows faster growth to reduce unemployment by decreasing the separation rate andinducing job creation. We demonstrate that introducing on-the-job search substantially improves the ability of the Mortensen and Pissarides model to explain the impact of growth on unemployment. Our quantitative analysis shows that our model increases the magnitude of the negative impact of growth on unemployment compared to the standard matching model with disembodied technological progress.

著者

• Miyamoto Hiroaki

  International University of Japan

• Takahashi Yuya

  University of Mannheim

関連論文

• Productivity Growth, On-the-Job Search, and Unemployment
• Ins and Outs of the Long-Run Unemployment Dynamics
• Efficiency in a Search and Matching Model with Training Costs
• Real Shock or Nominal Shock? : Exchange Rate Movements in Cambodia and Lao PDR
• Unemployment and Labor Force Participation in Japan
• Bank Risk and Non-Interest Income Activities in the Indonesian Banking Industry
• Fiscal Stimulus and Labor Market Dynamics in Japan
• Fiscal Stimulus in an Endogenous Job Separation Model

スポンサーリンク