The DOI matches its Crossref record; 57 of the 57 references it cites were found in a registry or an index.
The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
Open accessAbstract
Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We propose a new calibration strategy of the standard model that uses data on the cost of vacancy creation and cyclicality of wages to identify the two key parameters –- the value of nonmarket activity and the bargaining weights. Our calibration implies that the model is consistent with the data. (JEL E24, E32, J31, J63, J64)
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Cites
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
Journal of economic literature
Armstrong, J. S. (1996) · International Journal of Forecasting · doi:10.1016/0169-2070(96)88197-0 · Cited by 9,923
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
Job Creation and Job Destruction in the Theory of Unemployment
Mortensen, D. T., & Pissarides, C. A. (1994) · The Review of Economic Studies · doi:10.2307/2297896 · Cited by 3,840
Equilibrium Unemployment Theory
Parai, A. K., & Pissarides, C. A. (1991) · Southern Economic Journal · doi:10.2307/1060212 · Cited by 3,194
Earnings Losses of Displaced Workers
Jacobson, L. S., LaLonde, R. J., & Sullivan, D. G. (1992) · doi:10.17848/wp92-11 · Cited by 2,895
The Cyclical Behavior of Equilibrium Unemployment and Vacancies
Shimer, R. (2005) · American Economic Review · doi:10.1257/0002828053828572 · Cited by 2,731
Capital-skill Complementarity and Inequality: A Macroeconomic Analysis
(2000) · doi:10.1111/1468-0262.00150 · Cited by 2,106
Indivisible labor and the business cycle
Hansen, G. D. (1985) · Journal of Monetary Economics · doi:10.1016/0304-3932(85)90039-x · Cited by 1,976
Wage Differentials, Employer Size, and Unemployment
Burdett, K., & Mortensen, D. T. (1998) · International Economic Review · doi:10.2307/2527292 · Cited by 1,809
Cited by
The Cyclical Behavior of Equilibrium Unemployment and Vacancies
Shimer, R. (2005) · American Economic Review · doi:10.1257/0002828053828572 · Cited by 2,731
Employment Fluctuations with Equilibrium Wage Stickiness
Hall, R. E. (2005) · American Economic Review · doi:10.1257/0002828053828482 · Cited by 1,439
Recessions and the Costs of Job Loss
Davis, S. J., & von Wachter, T. (2011) · Brookings Papers on Economic Activity · doi:10.1353/eca.2011.0016 · Cited by 533
Imperfect Competition in the Labor Market
Alan, M. (2011) · Handbook of Labor Economics · doi:10.1016/s0169-7218(11)02409-9 · Cited by 329
Choosing a Control Group for Displaced Workers
Krolikowski, P. (2018) · ILR Review · doi:10.1177/0019793917743707 · Cited by 70
Metadata
- Authors
- Hagedorn, M., & Manovskii, I.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2008-08-01
- Volume
- 98
- Issue
- 4
- Pages
- 1692-1706
- ISSN
- 0002-8282
- OpenAlex
- W3123413392
- Cited by
- 1,046
- References
- 57
- FWCI
- 187.31
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
