Sector-specific productivity shocks in a matching model

Dennis Wesselbaum

No 1585, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

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.

Keywords: Beveridge Curve; Matching; Sectoral Productivity Shock (search for similar items in EconPapers)
JEL-codes: E24 J24 J41 (search for similar items in EconPapers)
Date: 2010
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Related works:
Journal Article: Sector-specific productivity shocks in a matching model (2011)
Working Paper: Sector-specific productivity shocks in a matching model (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1585

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