They are even larger! More (on) puzzling labor market volatilities

Hermann Gartner, Christian Merkl and Thomas Rothe

No 200912, IAB-Discussion Paper from Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany]

Abstract: "This paper shows that the German labor market is more volatile than the US labor market at the business cycle frequency. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, the labor market tightness and vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and simulate a simple model to explain this seemingly puzzling result. This new model provides explanations for this phenomenon, in particular the longer job tenure in Germany." (Author's abstract, IAB-Doku) ((en))

Keywords: Bundesrepublik Deutschland; USA; Beschäftigungsdauer; Beschäftigungsschwankung; Betriebszugehörigkeit; institutionelle Faktoren; internationaler Vergleich; Konjunkturabhängigkeit; Kündigung; labour turnover; Lohnfindung; Lohnhöhe; matching; offene Stellen; Produktivitätsentwicklung; Quote; Quote; Arbeitslosenquote; Arbeitsmarktindikatoren; Arbeitsproduktivität; 1977-2004 (search for similar items in EconPapers)
JEL-codes: E24 E32 J60 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2009
New Economics Papers: this item is included in nep-dge and nep-lab
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Citations: View citations in EconPapers (22)

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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:iab:iabdpa:200912

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