Three Essays on Frictional Labor Markets
Author | : Sumon Majumdar |
Publisher | : |
Total Pages | : 348 |
Release | : 2001 |
Genre | : Labor market |
ISBN | : |
Download Three Essays on Frictional Labor Markets Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Three Essays On Frictional Labor Markets PDF full book. Access full book title Three Essays On Frictional Labor Markets.
Author | : Sumon Majumdar |
Publisher | : |
Total Pages | : 348 |
Release | : 2001 |
Genre | : Labor market |
ISBN | : |
Author | : Georg Duernecker |
Publisher | : |
Total Pages | : 152 |
Release | : 2010 |
Genre | : Labor economics |
ISBN | : |
Author | : Lee Tucker |
Publisher | : |
Total Pages | : 0 |
Release | : 2018 |
Genre | : |
ISBN | : |
Author | : Arthur Jacob Hosios |
Publisher | : |
Total Pages | : 272 |
Release | : 1982 |
Genre | : |
ISBN | : |
Author | : Natalia Kolesnikova |
Publisher | : |
Total Pages | : 0 |
Release | : 2007 |
Genre | : |
ISBN | : |
Author | : Seung Gyu Sim |
Publisher | : |
Total Pages | : 95 |
Release | : 2010 |
Genre | : |
ISBN | : |
Author | : Huanan Xu |
Publisher | : |
Total Pages | : 0 |
Release | : 2016 |
Genre | : |
ISBN | : |
Author | : Clara Barrabes Solanes |
Publisher | : |
Total Pages | : 93 |
Release | : 2007 |
Genre | : Labor economics |
ISBN | : |
Author | : Alain Delacroix |
Publisher | : |
Total Pages | : 179 |
Release | : 1999 |
Genre | : |
ISBN | : |
Author | : Sayoudh Roy |
Publisher | : |
Total Pages | : 0 |
Release | : 2021 |
Genre | : Frictional unemployment |
ISBN | : |
This thesis is a collection of three chapters that study various aspects of the labor force. The first two chapters study how labor markets respond to aggregate influences, when labor market frictions interact with other market features, and a third chapter that evaluates the impact of heterogeneity in households on interest rates. In the first two chapters, I focus on how the post-recession recovery of labor market variables is affected by imperfections in the market. The first chapter investigates the role of on-the-job search in the recovery process of employment, and how labor market power can suppress wages and incentivize against on-the-job search. Labor Market power allows a small number of firms to influence wages and employment in the market, and the suppression of wages persuades workers against expending costly search effort. The second chapter focuses on how the presence of financial frictions can affect the response of labor market variables in a frictional labor market. When bank liquidity is constrained in the event of a downturn, affecting the amount of loans available to firms, firms are unable to purchase the capital input they require to complement labor. This results in firms posting fewer vacancies, and a lower matching rate for workers, which hinders the recovery of employment. The third chapter introduces discount rate heterogeneity in Huggett (1993) and Aiyagari (1994) and evaluates the impact on interest rates.