| Reference : Job turnover, unemployment and labor market institutions |
| Scientific journals : Article | |||
| Business & economic sciences : Macroeconomics & monetary economics Business & economic sciences : Special economic topics (health, labor, transportation…) | |||
| http://hdl.handle.net/10993/5478 | |||
| Job turnover, unemployment and labor market institutions | |
| English | |
| Joseph, Gilles [Université Catholique de Louvain - UCL > IRES, Institut de recherches économiques et sociales] | |
| Pierrard, Olivier [Université Catholique de Louvain - UCL > IRES, Institut de recherches économiques et sociales] | |
Sneessens, Henri  [Université Catholique de Louvain - UCL > IRES, Institut de recherches économiques et sociales] | |
| 2004 | |
| Labour Economics | |
| Elsevier Science | |
| 11 | |
| 4 | |
| 451-468 | |
| Yes (verified by ORBilu) | |
| International | |
| 0927-5371 | |
| [en] unemployment ; job flows ; institutions | |
| [en] This paper studies the role of labor market institutions on unemployment and on
the cyclical properties of job flows. We construct an intertemporal general equilib- rium model with search unemployment and endogenous job turnover, and examine the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to reproduce the main cyclical properties of a typical European economy. It also suggests that downward wage rigidities, rather than unem- ployment benefit or firing cost, may well play a dominant role in explaining both the high unemployment rate and the cyclical properties of such an economy. | |
| Researchers | |
| http://hdl.handle.net/10993/5478 | |
| http://www.journals.elsevier.com/labour-economics/ |
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