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• W2113227592 abstract "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 use data on the cost of vacancy creation and cyclicality of wages to identify the two key parameters of the model - the value of non-market activity and the bargaining weights. Our calibration implies that the model is, in fact, consistent with the data." @default.
• W2113227592 created "2016-06-24" @default.
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• W2113227592 date "2008-01-01" @default.
• W2113227592 modified "2023-10-13" @default.
• W2113227592 title "The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited" @default.
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• W2113227592 doi "https://doi.org/10.2139/ssrn.1080246" @default.
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