English, Article, Journal or magazine article edition: Job Turnover, Unemployment and Labor Market Institutions Gilles, Joseph; Olivier Pierrard; Henri R. Sneessens

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Bookmark: http://trove.nla.gov.au/version/178684
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Job Turnover, Unemployment and Labor Market Institutions
Author
  • Gilles, Joseph
  • Olivier Pierrard
  • Henri R. Sneessens
Physical Description
  • preprint
Notes
  • This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The simulations suggest that downward wage rigidities, rather than unemployment benefit or firing cost, may well play a dominant role in explaining both the high unemployment rate and the job flows dynamics of such an economy.
  • Unemployment, Job flows dynamics, Institutions
  • RePEc:ctl:louvir:2003013
Language
  • English
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