Long Live the Vacancy

Haefke, Christian; Reiter, Michael

[working paper]

dc.contributor.author	Haefke, Christian	de
dc.contributor.author	Reiter, Michael	de
dc.date.accessioned	2020-09-28T10:08:17Z
dc.date.available	2020-09-28T10:08:17Z
dc.date.issued	2020	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/69847
dc.description.abstract	We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the postwar US economy, the model explains not only standard deviations and autocorrelations of labor market variables, but also their dynamic correlations with only one shock.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	Beveridge curve; job destruction; random matching; separations; unemployment volatility	de
dc.title	Long Live the Vacancy	de
dc.description.review	begutachtet	de
dc.description.review	reviewed	en
dc.source.volume	22	de
dc.publisher.country	AUT
dc.publisher.city	Wien	de
dc.source.series	IHS Working Paper
dc.subject.classoz	Arbeitsmarktforschung	de
dc.subject.classoz	Labor Market Research	en
dc.subject.thesoz	Arbeitsplatz	de
dc.subject.thesoz	job	en
dc.subject.thesoz	Konjunkturzyklus	de
dc.subject.thesoz	business cycle	en
dc.subject.thesoz	Arbeitslosigkeit	de
dc.subject.thesoz	unemployment	en
dc.subject.thesoz	Lohnfindung	de
dc.subject.thesoz	wage determination	en
dc.subject.thesoz	Stellenangebot	de
dc.subject.thesoz	job offer	en
dc.subject.thesoz	Arbeitsmarkt	de
dc.subject.thesoz	labor market	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-69847-1
dc.rights.licence	Creative Commons - Namensnennung 4.0	de
dc.rights.licence	Creative Commons - Attribution 4.0	en
ssoar.contributor.institution	IHS (Wien)	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10036501
internal.identifier.thesoz	10049549
internal.identifier.thesoz	10036359
internal.identifier.thesoz	10051349
internal.identifier.thesoz	10035584
internal.identifier.thesoz	10036392
dc.type.stock	monograph	de
dc.type.document	Arbeitspapier	de
dc.type.document	working paper	en
dc.source.pageinfo	44	de
internal.identifier.classoz	20101
internal.identifier.document	3
dc.contributor.corporateeditor	Institut für Höhere Studien (IHS), Wien
internal.identifier.corporateeditor	191
internal.identifier.ddc	330
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	16
internal.identifier.pubstatus	1
internal.identifier.review	2
internal.identifier.series	1457
internal.pdf.wellformed	false
internal.pdf.encrypted	false

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