Downward wage rigidity is central to many explanations of unemployment fluctuations. In
benchmark models, the wage for new hires is key, but there is limited evidence of downward …

We discuss how the relative importance of factors that contribute to movements of the US
Beveridge curve has changed from 1959 to 2023. We review these factors in the context of a …

This paper proposes a new approach to evaluate the macroeconomic effects of the “Hartz
IV” reform, which reduced the generosity of long-term unemployment benefits. We propose a …

Abstract Using the German IAB Job Vacancy Survey, we look into the black box of recruiting
intensity and hiring practices from the employers' perspective. Our paper evaluates three …

We build and analyze a new US database that links 125 million applications to job
vacancies and employer-side clients on Dice. com, an online platform for jobs and workers …

We propose a theory of unemployment fluctuations in which new hires and incumbent
workers are imperfect substitutes. Hence, attempts to hire away the unemployed during …

Vacancies are the key equilibrium margin in canonical theories of unemployment,
describing employers' job creation. The point of this paper is that vacancies can also arise …

This article explores the relationship between the duration of a vacancy and the starting
wage of a new job, using linked data on vacancies, the posting establishments, and the …

The author investigates the different influences of labor shortage on wages in firms with or
without collective bargaining agreements. In addition to training, technological solutions …

We estimate the elasticity of vacancy duration with respect to posted wages, using data from
the near-universe of online job adverts in the United Kingdom. Our research design …