Sclerosis and large volatilities: Two sides of the same coin

Hermann Gartner, Christian Merkl and Thomas Rothe

Economics Letters, 2012, vol. 117, issue 1, 106-109

Abstract: The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates.

Keywords: Labor market volatilities; Unemployment; Worker flows; Vacancies; Job-finding rate (search for similar items in EconPapers)
JEL-codes: E24 E32 J6 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

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Related works:
Working Paper: They Are Even Larger! More (on) Puzzling Labor Market Volatilities (2009)
Working Paper: They are even larger! More (on) puzzling labor market volatilities (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:106-109

DOI: 10.1016/j.econlet.2012.04.100

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