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BEGIN:VEVENT
DTSTAMP:20260509T182046Z
DTSTART;VALUE=DATE-TIME:20200305T141000
DTEND;VALUE=DATE-TIME:20200305T153000
SUMMARY:Macro/International Seminar - Christian Haefke (NYU Abu Dhabi) - 
 Via SKYPE
TZID:Europe/London
UID:20200305-8a1785d76b707837016bb22dcfeb6bb8@warwick.ac.uk
CREATED:20200303T144712Z
DESCRIPTION:The title of paper is Long Live the Vacancy Abstract: We reas
 sess the role of vacancies in a Diamond-Mortensen-Pissarides style searc
 h and matching model. Long-lived vacancies and endogenous job separation
 s together with alternating offer bargaining greatly improve the ability
  of the model to replicate key stylized labor market facts. The model ex
 plains not only standard deviations and autocorrelations of labor market
  variables\, but also their dynamic correlations. The model is consisten
 t with a large surplus both on the worker and the firm side\, and genera
 tes a wage response to productivity shocks that is in line with empirica
 l evidence on the wage dynamics of new matches. With only one shock\, th
 e model captures the dynamics of the US labor market from 1951 to 2014 s
 urprisingly well. Organisers: Federico Rossi\, Christine Braun & Marta S
 antamaria
LOCATION:S2.79
CATEGORIES:Macro/International Seminar
LAST-MODIFIED:20200303T144712Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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