You searched for subject:(labor search AND matching model).
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University of Rochester
1.
Kudlyak, Marianna.
Essays on the cyclicality of the user cost of
labor.
Degree: PhD, 2011, University of Rochester
URL: http://hdl.handle.net/1802/14498 
► The dissertation is concerned with an empirical investigation of the cyclicality of the price of labor. If the labor market is a spot market, then…
(more)
▼ The dissertation is concerned with an empirical
investigation of the cyclicality
of the price of labor. If the
labor market is a spot market, then the price of labor
is the
wage. But adding a worker is a long-term investment. The price of
labor
captures both the wage at the time of hiring and the impact
of labor market
conditions at the time of hiring on future wage
payments. The price of labor, and
not wage, is allocational for
employment.
The first chapter of the dissertation is an attempt to
provide an empirical
measure of the cyclicality of the price of
labor. Because the price of labor is not
directly observed in the
data, I construct the price of labor based on the behavior
of
individual wages and turnover. I find that although the data show
that individual
wages within the employment relationship are
smoothed, a wedge between
the cyclicality of wages of job stayers
and job changers conceals a substantial procyclicality
of the
price of labor that a firm incurs. In particular, a one percentage
point increase in unemployment generates a 4.5% decrease in the
price of labor.
This cyclicality is three times higher than the
cyclicality of individual wages and
also noticeably higher than
the cyclicality of the wages of newly hired workers. I
conclude
that the allocational price of labor is very procyclical.
In the
second chapter I investigate the cyclicality of the user cost of
labor in
search and matching models and show that the user cost of
labor and not wage has an allocational role for employment. The
wage component of the user cost
of labor, the price of labor,
includes the wage at the time of hiring as well as the
expected
effect of the economic conditions at the time of hiring on future
wages. I
calculate the cyclicality of the user cost and its
components under alternative wage
setting mechanisms in a search
and matching model. I find that in the presence
of implicit
contracts the wage component of the user cost is much more
cyclical
than the wages of newly hired workers, which in turn are
more cyclical than the
wages of all workers. This is consistent
with the empirical evidence in the first
chapter. Recent papers
stress rigid wages as an amplication mechanism for the fluctuations
in the vacancy-unemployment ratio (Shimer 2005, Hall 2005). This
mechanism works by reducing cyclicality of labor's user cost.
Empirically I show
that the wage component of the user cost is
noticeably more procyclical than the
individual wages due to a
\lock in" effect to the labor market conditions at the
time of
hiring. When the models are calibrated to match the empirical
cyclicality
of the wage component of the user cost, the models
generate approximately half of
the empirical volatility of the
vacancy-unemployment ratio regardless of the wage
setting
mechanism and the value of unemployment.
In the third chapter I
investigate the cyclicality of wages and the price of labor
in
small and large establishments. This break is motivated by greater
wage
smoothing and, thus, possibly quantitatively…
Subjects/Keywords: User cost of labor; Price of labor; Search and matching model; Cyclicality of wages
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APA (6th Edition):
Kudlyak, M. (2011). Essays on the cyclicality of the user cost of
labor. (Doctoral Dissertation). University of Rochester. Retrieved from http://hdl.handle.net/1802/14498
Chicago Manual of Style (16th Edition):
Kudlyak, Marianna. “Essays on the cyclicality of the user cost of
labor.” 2011. Doctoral Dissertation, University of Rochester. Accessed March 01, 2021.
http://hdl.handle.net/1802/14498.
MLA Handbook (7th Edition):
Kudlyak, Marianna. “Essays on the cyclicality of the user cost of
labor.” 2011. Web. 01 Mar 2021.
Vancouver:
Kudlyak M. Essays on the cyclicality of the user cost of
labor. [Internet] [Doctoral dissertation]. University of Rochester; 2011. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/1802/14498.
Council of Science Editors:
Kudlyak M. Essays on the cyclicality of the user cost of
labor. [Doctoral Dissertation]. University of Rochester; 2011. Available from: http://hdl.handle.net/1802/14498
Penn State University
2.
Igarashi, Yosuke.
Essays on Matching Models.
Degree: 2012, Penn State University
URL: https://submit-etda.libraries.psu.edu/catalog/14551
► Chapter 1 We provide a stability analysis of the two monetary steady states in a random matching model of money where money is indivisible, the…
(more)
▼ Chapter 1
We provide a stability analysis of the two monetary steady states in a random
matching model of money where money is indivisible, the upper bound on individual money holding is two units, and the trading protocol in the match is a buyer take-it-or-leave-it offer. It is shown that the full-support steady state is locally stable and determinate. The non-full-support steady state is unstable.
Chapter 2
This is extension of the instability result of the non-full-support steady state studied in chapter 1. We study stability of a monetary steady state in a random
matching model of money where money is indivisible, the upper bound
on individual money holding is finite, and the trading protocol is buyer take-it-or-leave-it offers.
The steady state we study has a nonfull-support money-holding distribution. It is shown that there is no equilibrium path with a constant payment rule that converges to this steady state if the initial distribution has a different support.
Chapter 3
Lotteries are introduced into Cavalcanti-Erosa (2008), a version of Trejos-Wright (1995) with aggregate shocks. Lotteries improve welfare and eliminate the two notable features of the optimum with deterministic trades: over-production and history-dependence. Moreover, the optimum can be supported by buyer take-it-or-leave-it offers.
Chapter 4
We present a variant of Galenianos (2011), a version of a random
search model with two
matching technologies: a standard
matching function and worker networks.
Our
model has two types of workers, networked workers and non-networked workers.
A steady state equilibrium exists where networked workers have lower unemployment and higher wages, and it is unique under some conditions.
Then we ask a question:
how would a policy that bans the use of networks in hiring (e.g., anti-old boy network laws) affect welfare?
It is shown that the effects of such a policy on non-networked workers can be either positive or negative, depending on
model parameters.
In our calibration, such a policy would make non-networked workers slightly worse off and networked workers substantially worse off.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Neil%20Wallace%2C%20Dissertation%20Advisor%2FCo-Advisor%22%29&pagesize-30">Neil Wallace, Dissertation Advisor/Co-Advisor,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Neil%20Wallace%2C%20Committee%20Chair%2FCo-Chair%22%29&pagesize-30">Neil Wallace, Committee Chair/Co-Chair,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Edward%20James%20Green%2C%20Committee%20Member%22%29&pagesize-30">Edward James Green, Committee Member,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Manolis%20Galenianos%2C%20Committee%20Member%22%29&pagesize-30">Manolis Galenianos, Committee Member,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Jenny%20Li%2C%20Committee%20Member%22%29&pagesize-30">Jenny Li, Committee Member.
Subjects/Keywords: random matching model of money; stability; determinacy; lottery; optimal allocation; labor search; network hiring; welfare
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APA (6th Edition):
Igarashi, Y. (2012). Essays on Matching Models. (Thesis). Penn State University. Retrieved from https://submit-etda.libraries.psu.edu/catalog/14551
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Igarashi, Yosuke. “Essays on Matching Models.” 2012. Thesis, Penn State University. Accessed March 01, 2021.
https://submit-etda.libraries.psu.edu/catalog/14551.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Igarashi, Yosuke. “Essays on Matching Models.” 2012. Web. 01 Mar 2021.
Vancouver:
Igarashi Y. Essays on Matching Models. [Internet] [Thesis]. Penn State University; 2012. [cited 2021 Mar 01].
Available from: https://submit-etda.libraries.psu.edu/catalog/14551.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Igarashi Y. Essays on Matching Models. [Thesis]. Penn State University; 2012. Available from: https://submit-etda.libraries.psu.edu/catalog/14551
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
University of Maryland
3.
Tuzemen, Didem.
Essays in Labor and Political Economics.
Degree: Economics, 2011, University of Maryland
URL: http://hdl.handle.net/1903/12114
► This dissertation consists of three chapters. The first chapter provides an overview of the dissertation by summarizing the two papers presented in the following chapters.…
(more)
▼ This dissertation consists of three chapters. The first chapter provides an overview of the dissertation by summarizing the two papers presented in the following chapters.
The paper in the second chapter contributes to the
labor-macro literature. More specifically, I develop a general equilibrium
model with
labor market
search and
matching frictions, endogenous
labor force participation and on-the-job
search, which can replicate the
labor market dynamics observed in the U.S. data. Most existing real business cycle models with
labor market frictions assume that all agents in the economy are part of the
labor force, therefore these models allow for only two possible
labor market states: employment and unemployment. This is a highly problematic and unrealistic assumption. Studies that extend the basic
model by incorporating being out of the
labor force as a third state, through allowing for a work-home production (or leisure) decision, find that the
model generates counterfactual business cycle statistics:
labor force participation is very volatile, while unemployment is weakly procyclical or acyclical, and has a high positive correlation with vacancies. The failure of this three-state
model to replicate the
labor market dynamics observed in the U.S. data is mainly due to the excessive responsiveness of
labor force participation to
labor market conditions determined by aggregate shocks to productivity. In order to dampen the movements along the
labor market participation margin in the simple three-state
model, I introduce an on-the-job
search mechanism that serves as a second margin along which the household's
labor market adjustments can take place. The proposed
model successfully generates countercyclical unemployment and the Beveridge Curve relationship between unemployment and vacancies. Additionally, the business cycle statistics reproduced by the modified
model are quantitatively more in line with their empirical counterparts.
The third chapter presents a joint study with Mauricio Cardenas. We analyze the determinants of the government's decision to invest in fiscal state capacity, which refers to the state's power to raise tax revenue. Using a
model we highlight some political and economic dimensions of this decision, and conclude that political stability, democracy, income inequality, as well as the valuation of public goods relative to private goods, are all important variables to consider. We then test the main predictions of the
model using cross-country data and find that fiscal state capacity is higher in more stable and equal societies, both in economic and political terms, and in countries where the chances of fighting an external war are high, which is a proxy for the value of public goods.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22University%20of%20Maryland%22%20%2Bcontributor%3A%28%22Haltiwanger%2C%20John%22%29&pagesize-30">Haltiwanger, John (advisor).
Subjects/Keywords: Economics; Economics, Labor; Economic theory; Business Cycle; Endogenous Participation; Inequality; On-the-Job Search; Search and Matching Model; State Capacity
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APA ·
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APA (6th Edition):
Tuzemen, D. (2011). Essays in Labor and Political Economics. (Thesis). University of Maryland. Retrieved from http://hdl.handle.net/1903/12114
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Tuzemen, Didem. “Essays in Labor and Political Economics.” 2011. Thesis, University of Maryland. Accessed March 01, 2021.
http://hdl.handle.net/1903/12114.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Tuzemen, Didem. “Essays in Labor and Political Economics.” 2011. Web. 01 Mar 2021.
Vancouver:
Tuzemen D. Essays in Labor and Political Economics. [Internet] [Thesis]. University of Maryland; 2011. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/1903/12114.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Tuzemen D. Essays in Labor and Political Economics. [Thesis]. University of Maryland; 2011. Available from: http://hdl.handle.net/1903/12114
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
NSYSU
4.
Tseng, Ching-Yiin.
Labor Income and Capital Income Taxation: A Labor Search and Matching Model.
Degree: Master, Economics, 2018, NSYSU
URL: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0513118-114537
► In response to the global financial crisis of 2008, many countries have implemented a stimulus by reducing labor income and/or capital income taxes. To examine…
(more)
Subjects/Keywords: capital income tax rates; labor income tax rates; dynamic stochastic general equilibrium; labor search and matching model; unemployment
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APA ·
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Manager
APA (6th Edition):
Tseng, C. (2018). Labor Income and Capital Income Taxation: A Labor Search and Matching Model. (Thesis). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0513118-114537
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Tseng, Ching-Yiin. “Labor Income and Capital Income Taxation: A Labor Search and Matching Model.” 2018. Thesis, NSYSU. Accessed March 01, 2021.
http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0513118-114537.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Tseng, Ching-Yiin. “Labor Income and Capital Income Taxation: A Labor Search and Matching Model.” 2018. Web. 01 Mar 2021.
Vancouver:
Tseng C. Labor Income and Capital Income Taxation: A Labor Search and Matching Model. [Internet] [Thesis]. NSYSU; 2018. [cited 2021 Mar 01].
Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0513118-114537.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Tseng C. Labor Income and Capital Income Taxation: A Labor Search and Matching Model. [Thesis]. NSYSU; 2018. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0513118-114537
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
University of Exeter
5.
Park, Yongmin.
Interactions between heterogeneity in nominal rigidities and search frictions in general equilibrium models.
Degree: PhD, 2018, University of Exeter
URL: http://hdl.handle.net/10871/33065
► This dissertation consists of three chapters that aim to build a framework which can be used to study interactions between the labour market and macroeconomic…
(more)
▼ This dissertation consists of three chapters that aim to build a framework which can be used to study interactions between the labour market and macroeconomic dynamics. To achieve this, we reformulate a standard New Keynesian dynamic stochastic general equilibrium (DSGE) model to include search and matching frictions in the labour market and heterogeneity in price and wage stickiness. The first chapter, coauthored with Professor Engin Kara, builds a real business cycle model with labour search frictions and heterogeneity in wage stickiness. Shimer’s (2005) critique on labour search models, that it cannot explain observed unemployment movements, reignited a long-standing debate on unemployment fluctuations and wage determination. Gertler and Trigari (2009) introduce wage stickiness to the model to match unemployment volatility, while Pissarides (2009) finds this modification not satisfactory, citing evidence on high wage cyclicality. We find heterogeneity in wage stickiness in microdata on wages. Our model, which reflects this heterogeneity, matches the data better than its one sector alternatives. The second chapter, coauthored with Professor Engin Kara, studies output dynamics in New Keynesian models with the standard labour market and heterogeneity in price stickiness. We analytically and numerically show that these models can reproduce a hump-shaped output response to persistent monetary shocks, which is a key feature of monetary transmission mechanism. The version of models without heterogeneity cannot generate a hump. Flexible prices in models with heterogeneity play a crucial role, by generating inertia to price-setting and output. The third chapter studies how the labour search frictions affect output dynamics in New Keynesian models, when combined with heterogeneity in nominal rigidities. Long-term employment relationship, that arises under search and matching framework, makes marginal costs history dependent. We show that this history dependence generates inertia in the model. Heterogeneity in nominal rigidities significantly reinforces this inertia, resulting in a hump-shaped output response to persistent monetary shocks. The model without the search frictions cannot replicate a hump even when monetary shocks are persistent, when wages are sticky.
Subjects/Keywords: 330; Search and matching model in the labour market; heterogeneity in nominal rigidities; general equilibrium models
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APA ·
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APA (6th Edition):
Park, Y. (2018). Interactions between heterogeneity in nominal rigidities and search frictions in general equilibrium models. (Doctoral Dissertation). University of Exeter. Retrieved from http://hdl.handle.net/10871/33065
Chicago Manual of Style (16th Edition):
Park, Yongmin. “Interactions between heterogeneity in nominal rigidities and search frictions in general equilibrium models.” 2018. Doctoral Dissertation, University of Exeter. Accessed March 01, 2021.
http://hdl.handle.net/10871/33065.
MLA Handbook (7th Edition):
Park, Yongmin. “Interactions between heterogeneity in nominal rigidities and search frictions in general equilibrium models.” 2018. Web. 01 Mar 2021.
Vancouver:
Park Y. Interactions between heterogeneity in nominal rigidities and search frictions in general equilibrium models. [Internet] [Doctoral dissertation]. University of Exeter; 2018. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/10871/33065.
Council of Science Editors:
Park Y. Interactions between heterogeneity in nominal rigidities and search frictions in general equilibrium models. [Doctoral Dissertation]. University of Exeter; 2018. Available from: http://hdl.handle.net/10871/33065
University of Oxford
6.
Poeschel, Friedrich Gerd.
Signals in two-sided search.
Degree: PhD, 2011, University of Oxford
URL: http://ora.ox.ac.uk/objects/uuid:c1decfbb-5fdf-4c13-805e-2cc7fe115641
;
https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.567826
► We introduce signals to search models of two-sided matching markets and explore the implications for efficiency. In a labour market model in which firms can…
(more)
▼ We introduce signals to search models of two-sided matching markets and explore the implications for efficiency. In a labour market model in which firms can advertise wages and workers can choose effort, we find that advertisements can help overcome the Diamond paradox. Advertisements fix workers' beliefs, so that workers will react if firms renege on advertisements. Firms then prefer to advertise truthfully. Next, we consider a market with two-sided heterogeneity in which types are only privately observable. We identify a simple condition on the match output function for agents to signal their types truthfully and for the matching to exhibit positive assortative matching despite search frictions. While our theoretical work implies that the efficiency of matching increases as information technology spreads, empirical matching functions typically suggest that it declines. By estimating more general matching functions, we show that the result of declining efficiency can partly be attributed to omitted variable bias.
Subjects/Keywords: 331.12; Economics; Labour economics; search; matching; signals; Diamond paradox; sorting; matching function
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APA ·
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APA (6th Edition):
Poeschel, F. G. (2011). Signals in two-sided search. (Doctoral Dissertation). University of Oxford. Retrieved from http://ora.ox.ac.uk/objects/uuid:c1decfbb-5fdf-4c13-805e-2cc7fe115641 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.567826
Chicago Manual of Style (16th Edition):
Poeschel, Friedrich Gerd. “Signals in two-sided search.” 2011. Doctoral Dissertation, University of Oxford. Accessed March 01, 2021.
http://ora.ox.ac.uk/objects/uuid:c1decfbb-5fdf-4c13-805e-2cc7fe115641 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.567826.
MLA Handbook (7th Edition):
Poeschel, Friedrich Gerd. “Signals in two-sided search.” 2011. Web. 01 Mar 2021.
Vancouver:
Poeschel FG. Signals in two-sided search. [Internet] [Doctoral dissertation]. University of Oxford; 2011. [cited 2021 Mar 01].
Available from: http://ora.ox.ac.uk/objects/uuid:c1decfbb-5fdf-4c13-805e-2cc7fe115641 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.567826.
Council of Science Editors:
Poeschel FG. Signals in two-sided search. [Doctoral Dissertation]. University of Oxford; 2011. Available from: http://ora.ox.ac.uk/objects/uuid:c1decfbb-5fdf-4c13-805e-2cc7fe115641 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.567826
University of Dundee
7.
Onwordi, George Emeka.
Labour market policies and unemployment in the presence of search & matching frictions.
Degree: PhD, 2016, University of Dundee
URL: https://discovery.dundee.ac.uk/en/studentTheses/4e0c62e8-c210-4da2-83dc-5dc13ff7a803
;
https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.709712
► This thesis consists of three theoretical chapters, all related to the response of unemployment to shocks and the role of active and passive labour market…
(more)
▼ This thesis consists of three theoretical chapters, all related to the response of unemployment to shocks and the role of active and passive labour market policies. Throughout the thesis, unemployment is assumed to evolve as a result of the uncoordinated nature of the labour market along the lines outlined in the Diamond-Mortensen-Pissarides equilibrium search and matching model. Chapter 2 examines the effects of employment policies on vacancy creation and allocation decisions of firms and unemployment across workers with different skills. We develop a partial equilibrium model with heterogeneous high- and low-tech jobs and with skilled and unskilled workers, which we motivate by the stark evidence on the incidence of cross-skill employment (which crowds out unskilled workers, e.g. evidence for the US, the UK and the EU put these at 58%, 32%, and 35%, respectively). We show that certain employment protection policies could, in fact, lead to a reduction in job creation and might alter the allocation of vacancies across low- and high-tech job type. We find that: (i) skilled workers benefit while unskilled workers experience high jobless rate; (ii) policy effects differ when they are skill-specific; (ii) stricter policies can have more severe consequences; and (iv) vacancy creation subsidy can play a key role in reducing unemployment across worker type as well as alleviating the cross-skill crowding out of jobs. Against conventional wisdom, we demonstrate that severance compensation can have a ‘real’ effect on job creation decision, provided there is some degree of strictness in its enforcement. Motivated by the extensive use of fiscal stimulus policies and labour market reforms during the last economic crisis, in Chapter 3 we study the implications of labour market regulations in driving the sensitivity of an economy to fiscal spending shocks, in a Dynamic Stochastic General Equilibrium (DSGE) model with job search frictions. We demonstrate that less rigidity in the labour market reduces the impact of fiscal demand shock on job creation and employment, both at extensive and intensive margins, whereas higher rigidity amplifies it. We also establish that the extent to which government spending promotes economic activity, job creation and employment depends on the degree of substitutability between private and public consumption. Higher substitutability dampens economic activity and reduces the sizes of output and employment multipliers. Labour market-oriented fiscal spending is found to be the most potent policy instruments for promoting employment – especially in the presence of high labour market rigidities. Finally, in Chapter 4, we study how openness to international trade and capital mobility and their interactions with labour market policies affect the behaviour of an economy, in particular with respect to its unemployment level. We show that the degree of openness to international capital flow is crucial for understanding the response of unemployment to different shocks. In isolation, by raising the incentive to…
Subjects/Keywords: 331.12; Labour market policies; Unemployment; Search and matching frictions
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APA ·
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APA (6th Edition):
Onwordi, G. E. (2016). Labour market policies and unemployment in the presence of search & matching frictions. (Doctoral Dissertation). University of Dundee. Retrieved from https://discovery.dundee.ac.uk/en/studentTheses/4e0c62e8-c210-4da2-83dc-5dc13ff7a803 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.709712
Chicago Manual of Style (16th Edition):
Onwordi, George Emeka. “Labour market policies and unemployment in the presence of search & matching frictions.” 2016. Doctoral Dissertation, University of Dundee. Accessed March 01, 2021.
https://discovery.dundee.ac.uk/en/studentTheses/4e0c62e8-c210-4da2-83dc-5dc13ff7a803 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.709712.
MLA Handbook (7th Edition):
Onwordi, George Emeka. “Labour market policies and unemployment in the presence of search & matching frictions.” 2016. Web. 01 Mar 2021.
Vancouver:
Onwordi GE. Labour market policies and unemployment in the presence of search & matching frictions. [Internet] [Doctoral dissertation]. University of Dundee; 2016. [cited 2021 Mar 01].
Available from: https://discovery.dundee.ac.uk/en/studentTheses/4e0c62e8-c210-4da2-83dc-5dc13ff7a803 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.709712.
Council of Science Editors:
Onwordi GE. Labour market policies and unemployment in the presence of search & matching frictions. [Doctoral Dissertation]. University of Dundee; 2016. Available from: https://discovery.dundee.ac.uk/en/studentTheses/4e0c62e8-c210-4da2-83dc-5dc13ff7a803 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.709712
University of Oxford
8.
Pizzinelli, Carlo.
Essays on labor market dynamics with worker heterogeneity.
Degree: PhD, 2018, University of Oxford
URL: http://ora.ox.ac.uk/objects/uuid:28323577-c33e-4df9-80ec-f2506e42b473
;
https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.748937
► This thesis is comprised of three chapters which discuss topics related to labor market dynamics from a macroeconomic perspective. Although each chapter is self-standing in…
(more)
▼ This thesis is comprised of three chapters which discuss topics related to labor market dynamics from a macroeconomic perspective. Although each chapter is self-standing in terms of research question and methodology, they are united by a common interest for the macroeconomic implications of worker heterogeneity. The chapters vary with respect to the time horizon over which they study aggregate dynamics, covering business cycle frequency, the economy's long run steady state, and households' life cycle. Furthermore, they develop the concept of heterogeneity across different dimensions: stages of the life cycle, households' income and wealth, observed worker characteristics, and worker-firm productivity levels. The overall purpose of this thesis is therefore to contribute to the study of labor markets and labor policies through a multi-faceted approach.
Subjects/Keywords: 331.1; Economics; Search and matching models; Life cycle models; Labor economics
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APA (6th Edition):
Pizzinelli, C. (2018). Essays on labor market dynamics with worker heterogeneity. (Doctoral Dissertation). University of Oxford. Retrieved from http://ora.ox.ac.uk/objects/uuid:28323577-c33e-4df9-80ec-f2506e42b473 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.748937
Chicago Manual of Style (16th Edition):
Pizzinelli, Carlo. “Essays on labor market dynamics with worker heterogeneity.” 2018. Doctoral Dissertation, University of Oxford. Accessed March 01, 2021.
http://ora.ox.ac.uk/objects/uuid:28323577-c33e-4df9-80ec-f2506e42b473 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.748937.
MLA Handbook (7th Edition):
Pizzinelli, Carlo. “Essays on labor market dynamics with worker heterogeneity.” 2018. Web. 01 Mar 2021.
Vancouver:
Pizzinelli C. Essays on labor market dynamics with worker heterogeneity. [Internet] [Doctoral dissertation]. University of Oxford; 2018. [cited 2021 Mar 01].
Available from: http://ora.ox.ac.uk/objects/uuid:28323577-c33e-4df9-80ec-f2506e42b473 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.748937.
Council of Science Editors:
Pizzinelli C. Essays on labor market dynamics with worker heterogeneity. [Doctoral Dissertation]. University of Oxford; 2018. Available from: http://ora.ox.ac.uk/objects/uuid:28323577-c33e-4df9-80ec-f2506e42b473 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.748937
UCLA
9.
Kospentaris, Ioannis.
Three Essays on the Macroeconomics of the Labor Market.
Degree: Economics, 2018, UCLA
URL: http://www.escholarship.org/uc/item/9rt028ht
► In this dissertation, I build macroeconomic models to answer questions of empirical relevance for the study of labor markets. The dissertation consists of an introductory…
(more)
▼ In this dissertation, I build macroeconomic models to answer questions of empirical relevance for the study of labor markets. The dissertation consists of an introductory overview and three research essays. The first essay is devoted to duration dependence in unemployment, namely the fact that recently unemployed workers have a signicantly better chance of finding a job than the long-term unemployed. I build a directed search model to quantify the importance of three common explanations for this fact: (i) unobserved worker differences, (ii) skill loss, and (iii) job-search effort decline. Two novel results emerge: first, the bulk of the effect of unobserved heterogeneity is concentrated in the first six months of the unemployment spell; the drop in job-finding rates observed at longer spellsis mostly a result of skill loss and lower search effort. Second, skill loss has a vastly greater impact on job-finding than the decline in search effort. These results have two clear implications for labor market policy: (i) the impact of active labor market programs is expected to be larger for the long-term unemployed; (ii) job-training programs are expected to be more effective than job-search assistance policies at reducing long-term unemployment.In the second essay I study how information obtained by a worker while trying to find a job affects her job-search effort. Specically, I analyze how a worker, who is uncertain about her labor market traits and learns about them while looking for a job, allocates her search effort over the unemployment spell. The main result is that search effort is increasing over time when the worker is optimistic abouther traits but decreasing when the worker is pessimistic about her traits. This result can explain discrepant empirical findings from previous literature on search effort. The final essay is devoted to job-search effort as an insurance channel. I build a model in which workers face substantial risk in the labor market but they have two means of self-insurance against this risk: increase their savings and their search effort. The main result is that when labor market risk becomes more severe workers increase both their savings and search effort but the increase in savings is twice as large as the increase in search effort. That is, workers make use of search effort as an insurance channel but much less than the savings channel.
Subjects/Keywords: Economics; Economic Models; Labor Economics; Labor Markets; Macroeconomics; Search and Matching; Unemployment
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APA (6th Edition):
Kospentaris, I. (2018). Three Essays on the Macroeconomics of the Labor Market. (Thesis). UCLA. Retrieved from http://www.escholarship.org/uc/item/9rt028ht
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Kospentaris, Ioannis. “Three Essays on the Macroeconomics of the Labor Market.” 2018. Thesis, UCLA. Accessed March 01, 2021.
http://www.escholarship.org/uc/item/9rt028ht.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Kospentaris, Ioannis. “Three Essays on the Macroeconomics of the Labor Market.” 2018. Web. 01 Mar 2021.
Vancouver:
Kospentaris I. Three Essays on the Macroeconomics of the Labor Market. [Internet] [Thesis]. UCLA; 2018. [cited 2021 Mar 01].
Available from: http://www.escholarship.org/uc/item/9rt028ht.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Kospentaris I. Three Essays on the Macroeconomics of the Labor Market. [Thesis]. UCLA; 2018. Available from: http://www.escholarship.org/uc/item/9rt028ht
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
10.
Rastouil, Jeremy.
Three essays on labor market frictions under firm entry and financial business cycles : Trois essais sur les frictions du marché du travail avec création de firmes et cycles financiers.
Degree: Docteur es, Sciences économiques, 2019, Bordeaux
URL: http://www.theses.fr/2019BORD0228
► Durant la grande récession, les interactions entre fluctuations du prix de l’immobilier, du travail et de l’entrée des firmes sur le marché des biens, ont…
(more)
▼ Durant la grande récession, les interactions entre fluctuations du prix de l’immobilier, du travail et de l’entrée des firmes sur le marché des biens, ont mis en avant l’existence de relations étroites entre ces marchés. Le but de cette thèse est de mettre en lumière les interactions entre le marché du travail et le marché des biens ainsi que des cycles financiers, en utilisant les récents progrès des modèles DSGE. Dans le premier chapitre, nous avons trouvé un fort rôle joué par la création de firmes dans l’amplification des dynamiques de l’emploi. En introduisant le mécanisme du modèle de Diamond-Mortensen-Pissarides sur le marché du travail, nous avons pu étudier sous un nouvel angle les fluctuations du taux de marge des firmes. Comparé aux travaux théoriques utilisant un marché du travail sans frictions, nous avons trouvé un taux de marge moins contracyclique dû au coût marginal acyclique d’un modèle avec frictions. De plus, le rôle accordé à la création de firmes dans la détermination du taux de marge est moins important que dans les papiers précédents. Dans le second chapitre, nous avons lié la capacité d’endettement des ménages avec leur situation sur le marché de l’emploi. Grâce à cette microfondation, les nouveaux arrivants sur le marché du travail entrainent un plus haut niveau de dette immobilière tandis que ceux qui perdent leurs emplois sont exclus du marché du crédit. En conséquence, le ratio LTV devient endogène et répond de manière procyclique aux fluctuations de l’emploi. Nous avons montré que cette modélisation était empiriquement fondée et résout les anomalies d'une contrainte de crédit standard. Dans le dernier chapitre, nous avons étendu l’analyse précédemment effectuée en intégrant des firmes qui s’endettent dans le but d’obtenir un cycle financier plus complet. Le premier résultat est qu’une contrainte de crédit pour les firmes intégrant à la fois les biens immobiliers, le capital et la masse salariale permet de mieux rendre compte des fluctuations sur le marché du travail comparativement aux contraintes n’intégrant qu’une partie de ces trois composantes. Le second résultat met en évidence le rôle des fluctuations immobilières et du crédit sur l’emploi. Les deux derniers chapitres ont d’importantes implications pour les politiques économiques. Une réforme structurelle du marché du travail visant à le déréguler entraine une forte hausse de la dette immobilière pour les ménages ainsi que du prix de l’immobilier et une augmentation moindre de la dette des firmes. Notre approche révèle qu’une politique macroprudentielle visant à restreindre la capacité d’emprunt des ménages conduit à des effets positifs à long terme pour l’économie tout en limitant les effets sur le marché immobilier (dette et prix). A l’inverse, une politique macroprudentielle visant à réduire l’emprunt des entreprises conduit à l’effet inverse avec des effets négatifs à long terme pour l’économie.
During the Great Recession, the interactions between housing, labor and entry highlight the existence of narrow propagation…
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Bordeaux%22%20%2Bcontributor%3A%28%22Maveyraud-Tricoire%2C%20Samuel%22%29&pagesize-30">Maveyraud-Tricoire, Samuel (thesis director).
Subjects/Keywords: Modèle DSGE; Réforme structurelle; Cycles financiers; Marché des biens; Marché du travail; DSGE model; Structural reforms; Endogenous entry; Search and matching frictions; Financial business cycles; Labor market
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APA ·
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APA (6th Edition):
Rastouil, J. (2019). Three essays on labor market frictions under firm entry and financial business cycles : Trois essais sur les frictions du marché du travail avec création de firmes et cycles financiers. (Doctoral Dissertation). Bordeaux. Retrieved from http://www.theses.fr/2019BORD0228
Chicago Manual of Style (16th Edition):
Rastouil, Jeremy. “Three essays on labor market frictions under firm entry and financial business cycles : Trois essais sur les frictions du marché du travail avec création de firmes et cycles financiers.” 2019. Doctoral Dissertation, Bordeaux. Accessed March 01, 2021.
http://www.theses.fr/2019BORD0228.
MLA Handbook (7th Edition):
Rastouil, Jeremy. “Three essays on labor market frictions under firm entry and financial business cycles : Trois essais sur les frictions du marché du travail avec création de firmes et cycles financiers.” 2019. Web. 01 Mar 2021.
Vancouver:
Rastouil J. Three essays on labor market frictions under firm entry and financial business cycles : Trois essais sur les frictions du marché du travail avec création de firmes et cycles financiers. [Internet] [Doctoral dissertation]. Bordeaux; 2019. [cited 2021 Mar 01].
Available from: http://www.theses.fr/2019BORD0228.
Council of Science Editors:
Rastouil J. Three essays on labor market frictions under firm entry and financial business cycles : Trois essais sur les frictions du marché du travail avec création de firmes et cycles financiers. [Doctoral Dissertation]. Bordeaux; 2019. Available from: http://www.theses.fr/2019BORD0228
Universiteit Utrecht
11.
Twist, R.P. van.
Synchronizing transportation of people with reduced mobility through airport terminals.
Degree: 2015, Universiteit Utrecht
URL: http://dspace.library.uu.nl:8080/handle/1874/312454
► Navigating through an airport is easy enough for most passengers, but when you are reduced in mobility it is a different story. In this paper…
(more)
▼ Navigating through an airport is easy enough for most passengers, but when you are reduced in mobility it is a different story. In this paper we are looking at an airport that assists between 300 and 500 of those passengers daily. We want to find a schedule for the airport's employees to support as many of those passengers as possible while ensuring a smooth journey with little waiting time. In addition we want to find a robust schedule to handle minor disturbances which we test using a simulation at the end. We present a decomposition
model in which we first determine feasible start times for the tasks describing the journeys of the passengers using Simulated Annealing, after which in each iteration we assign the tasks to the employees in the next phase using a
matching algorithm or heuristic. Experimental results show that our algorithm is able to ensure smooth connections while supporting nearly every passenger in the given instances.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Universiteit%20Utrecht%22%20%2Bcontributor%3A%28%22Hoogeveen%2C%20J.A.%22%29&pagesize-30">Hoogeveen, J.A.,
search?q=%2Bpublisher%3A%22Universiteit%20Utrecht%22%20%2Bcontributor%3A%28%22Akker%2C%20J.M.%20van%20den%22%29&pagesize-30">Akker, J.M. van den.
Subjects/Keywords: airport; PRM; reduced mobility; scheduling; decomposition model; local search; matching
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APA (6th Edition):
Twist, R. P. v. (2015). Synchronizing transportation of people with reduced mobility through airport terminals. (Masters Thesis). Universiteit Utrecht. Retrieved from http://dspace.library.uu.nl:8080/handle/1874/312454
Chicago Manual of Style (16th Edition):
Twist, R P van. “Synchronizing transportation of people with reduced mobility through airport terminals.” 2015. Masters Thesis, Universiteit Utrecht. Accessed March 01, 2021.
http://dspace.library.uu.nl:8080/handle/1874/312454.
MLA Handbook (7th Edition):
Twist, R P van. “Synchronizing transportation of people with reduced mobility through airport terminals.” 2015. Web. 01 Mar 2021.
Vancouver:
Twist RPv. Synchronizing transportation of people with reduced mobility through airport terminals. [Internet] [Masters thesis]. Universiteit Utrecht; 2015. [cited 2021 Mar 01].
Available from: http://dspace.library.uu.nl:8080/handle/1874/312454.
Council of Science Editors:
Twist RPv. Synchronizing transportation of people with reduced mobility through airport terminals. [Masters Thesis]. Universiteit Utrecht; 2015. Available from: http://dspace.library.uu.nl:8080/handle/1874/312454
University of Georgia
12.
Wilding, Kayla Marie.
Unemployment benefits and the informal sector.
Degree: 2017, University of Georgia
URL: http://hdl.handle.net/10724/36611
► This paper extends the equilibrium search and match model of Albrecht et al. (2009), by including a government sector that collects and distributes tax revenues.…
(more)
▼ This paper extends the equilibrium search and match model of Albrecht et al. (2009), by including a government sector that collects and distributes tax revenues. Tax revenues are used to provide unemployment insurance (UI) benefits to
workers laid off from formal sector jobs. I perform two labor market experiments, changing the severance and payroll taxes, to understand how UI benefits affect the flow of the labor market in an economy with a large informal sector. I find that benefits
decrease labor market tightness, increase the size of the informal sector, and increase total unemployment.
Subjects/Keywords: Unemployment Benefits; Informal Sector; Latin America; Search and Matching; Labor Market; Policy
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APA ·
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APA (6th Edition):
Wilding, K. M. (2017). Unemployment benefits and the informal sector. (Thesis). University of Georgia. Retrieved from http://hdl.handle.net/10724/36611
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Wilding, Kayla Marie. “Unemployment benefits and the informal sector.” 2017. Thesis, University of Georgia. Accessed March 01, 2021.
http://hdl.handle.net/10724/36611.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Wilding, Kayla Marie. “Unemployment benefits and the informal sector.” 2017. Web. 01 Mar 2021.
Vancouver:
Wilding KM. Unemployment benefits and the informal sector. [Internet] [Thesis]. University of Georgia; 2017. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/10724/36611.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Wilding KM. Unemployment benefits and the informal sector. [Thesis]. University of Georgia; 2017. Available from: http://hdl.handle.net/10724/36611
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Universidade Nova
13.
Serra, Sara.
Firing and training costs and labour market segmentation.
Degree: 2016, Universidade Nova
URL: http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/17202
► This dissertation consists of three essays on the labour market impact of firing and training costs. The modelling framework resorts to the search and matching…
(more)
▼ This dissertation consists of three essays on the labour market impact of firing and training costs. The modelling framework resorts to the
search and
matching literature. The first chapter introduces firing costs, both liner and non-linear, in a new Keynesian
model, analysing business cycle effects for different wage rigidity degrees. The second chapter adds training costs in a
model of a segmented labour market, accessing the interaction between these two features and the skill composition of the labour force. Finally, the third chapter analyses empirically some of the issues raised in the second chapter.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Universidade%20Nova%22%20%2Bcontributor%3A%28%22Franco%2C%20Francesco%22%29&pagesize-30">Franco, Francesco.
Subjects/Keywords: Labour market institutions; Search and matching; work-related training; Fixed-term contracts; Domínio/Área Científica::Ciências Sociais
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APA (6th Edition):
Serra, S. (2016). Firing and training costs and labour market segmentation. (Thesis). Universidade Nova. Retrieved from http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/17202
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Serra, Sara. “Firing and training costs and labour market segmentation.” 2016. Thesis, Universidade Nova. Accessed March 01, 2021.
http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/17202.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Serra, Sara. “Firing and training costs and labour market segmentation.” 2016. Web. 01 Mar 2021.
Vancouver:
Serra S. Firing and training costs and labour market segmentation. [Internet] [Thesis]. Universidade Nova; 2016. [cited 2021 Mar 01].
Available from: http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/17202.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Serra S. Firing and training costs and labour market segmentation. [Thesis]. Universidade Nova; 2016. Available from: http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/17202
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Boston University
14.
Zhuo, Fan.
Essays on regime switching and DSGE models with applications to U.S. business cycle.
Degree: PhD, Economics, 2016, Boston University
URL: http://hdl.handle.net/2144/19564
► This dissertation studies various issues related to regime switching and DSGE models. The methods developed are used to study U.S. business cycles. Chapter one considers…
(more)
▼ This dissertation studies various issues related to regime switching and DSGE models. The methods developed are used to study U.S. business cycles.
Chapter one considers and derives the limit distributions of likelihood ratio based tests for Markov regime switching in multiple parameters in the context of a general class of nonlinear models. The analysis simultaneously addresses three difficulties: (1) some nuisance parameters are unidentified under the null hypothesis, (2) the null hypothesis yields a local optimum, and (3) the conditional regime probabilities follow stochastic processes that can only be represented recursively. When applied to US quarterly real GDP growth rates, the tests suggest strong evidence favoring the regime switching specification over a range of sample periods.
Chapter two develops a modified likelihood ratio (MLR) test to detect regime switching in state space models. I apply the filtering algorithm introduced in Gordon and Smith (1988) to construct a modified likelihood function under the alternative hypothesis of two regimes and I extend the analysis in Chapter one to establish the asymptotic distribution of the MLR statistic under the null hypothesis of a single regime. I also apply the test to a simple model of the U.S. unemployment rate. This contribution is the first to develop a test based on the likelihood ratio principle to detect regime switching in state space models.
The final chapter estimates a search and matching model of the aggregate labor market with sticky price and staggered wage negotiation. It starts with a partial equilibrium search and matching model and expands into a general equilibrium model with sticky price and staggered wage. I study the quantitative implications of the model. The results show that (1) the price stickiness and staggered wage structure are quantitatively important for the search and matching model of the aggregate labor market; (2) relatively high outside option payments to the workers, such as unemployment insurance payments, are needed to match the data; and (3) workers have lower bargaining power relative to firms, which contrasts with the assumption in the literature that workers and firms share equally the surplus generated from their employment relationship.
Subjects/Keywords: Economics; Hypothesis testing; Likelihood ratio; Markov switching; Nonlinearity; Search and matching; State space model
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APA ·
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to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Zhuo, F. (2016). Essays on regime switching and DSGE models with applications to U.S. business cycle. (Doctoral Dissertation). Boston University. Retrieved from http://hdl.handle.net/2144/19564
Chicago Manual of Style (16th Edition):
Zhuo, Fan. “Essays on regime switching and DSGE models with applications to U.S. business cycle.” 2016. Doctoral Dissertation, Boston University. Accessed March 01, 2021.
http://hdl.handle.net/2144/19564.
MLA Handbook (7th Edition):
Zhuo, Fan. “Essays on regime switching and DSGE models with applications to U.S. business cycle.” 2016. Web. 01 Mar 2021.
Vancouver:
Zhuo F. Essays on regime switching and DSGE models with applications to U.S. business cycle. [Internet] [Doctoral dissertation]. Boston University; 2016. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/2144/19564.
Council of Science Editors:
Zhuo F. Essays on regime switching and DSGE models with applications to U.S. business cycle. [Doctoral Dissertation]. Boston University; 2016. Available from: http://hdl.handle.net/2144/19564
University of Maryland
15.
Abo Zaid, Salem M.
ESSAYS ON THE OPTIMAL LONG-RUN INFLATION RATE.
Degree: Economics, 2011, University of Maryland
URL: http://hdl.handle.net/1903/11993
► Chapter 1: Optimal Long-Run Inflation with Occasionally-Binding Financial Constraints. This paper studies the optimal inflation rate in a simple New Keynesian model with occasionally-binding collateral…
(more)
▼ Chapter 1: Optimal Long-Run Inflation with Occasionally-Binding Financial Constraints.
This paper studies the optimal inflation rate in a simple New Keynesian
model with occasionally-binding collateral constraints that intermediate-good firms face on hiring
labor. For empirically-relevant degrees of price rigidity, the optimal long-run annual inflation rate is in the range of half a percent to 2 percent, depending on whether it is TFP risk or markup risk or both that is the source of uncertainty in the economy. The shadow value on the collateral constraint is akin to an endogenous cost-push shock. Differently from usual cost-push shocks, however, this shock is asymmetric as it takes non-negative values only. Inflation is positive when the collateral constraint is binding and it is zero when it does not. Since the mean of this asymmetric endogenous cost-push shock is positive, inflation is also positive on average. In addition, a binding collateral constraint resembles a time-varying tax on
labor, which the monetary authority can smooth by setting a positive inflation rate. More generally, the basic result is related to standard Ramsey theory in that optimal policy smoothes distortions over time.
Chapter 2: Optimal Monetary Policy and Downward Nominal Wage Rigidity in Frictional
Labor Markets.
Empirical evidence suggests that nominal wages in the U.S. are downwardly rigid. This paper studies the optimal long-run inflation rate in a
labor search and
matching framework under the presence of Downward Nominal Wage Rigidity (DNWR). In this environment, optimal monetary policy targets a positive inflation rate; the annual long-run inflation rate for the U.S. is around 2 percent. Positive inflation "greases the wheels" of the
labor market by facilitating real wage adjustments, and hence it eases job creation and prevents excessive increase in unemployment following recessionary shocks. These findings are related to standard Ramsey theory of "wedge smoothing"; by following a positive-inflation policy under sticky prices, the monetary authority manages to reduce the volatility and the size of the intertemporal distortion significantly. The intertemporal wedge is completely smoothed when prices are fully flexible. Since the optimal long-run inflation rate predicted by this study is considerably higher than in otherwise neoclassical
labor markets, the nature of the
labor market in which DNWR is studied can be relevant for policy recommendations.
Chapter 3: Sticky Wages, Incomplete Pass-Through and Inflation Targeting: What is the Right Index to Target?
This paper studies strict monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and rigid nominal wages. The paper shows that, when nominal wages are fully flexible and pass-through is low to moderate, the monetary authority should target the Consumer Price Index (CPI) rather than the Domestic Price Index (DPI). When pass-through is high, an economy with high degrees of nominal wage rigidity and wage indexation should either…
Advisors/Committee Members: search?q=%2Bpublisher%3A%22University%20of%20Maryland%22%20%2Bcontributor%3A%28%22Chugh%2C%20Sanjay%20K%22%29&pagesize-30">Chugh, Sanjay K (advisor).
Subjects/Keywords: Economics; Downward Nominal Wage Rigidity; Financial Frictions; Labor Search and Matching; Optimal Long-Run Inflation Rate; Optimal Monetary Policy; Wedge Smoothing
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APA (6th Edition):
Abo Zaid, S. M. (2011). ESSAYS ON THE OPTIMAL LONG-RUN INFLATION RATE. (Thesis). University of Maryland. Retrieved from http://hdl.handle.net/1903/11993
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Abo Zaid, Salem M. “ESSAYS ON THE OPTIMAL LONG-RUN INFLATION RATE.” 2011. Thesis, University of Maryland. Accessed March 01, 2021.
http://hdl.handle.net/1903/11993.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Abo Zaid, Salem M. “ESSAYS ON THE OPTIMAL LONG-RUN INFLATION RATE.” 2011. Web. 01 Mar 2021.
Vancouver:
Abo Zaid SM. ESSAYS ON THE OPTIMAL LONG-RUN INFLATION RATE. [Internet] [Thesis]. University of Maryland; 2011. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/1903/11993.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Abo Zaid SM. ESSAYS ON THE OPTIMAL LONG-RUN INFLATION RATE. [Thesis]. University of Maryland; 2011. Available from: http://hdl.handle.net/1903/11993
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
University of Pennsylvania
16.
Baughman, Garth A.
Essays on Search and Matching Equilibria.
Degree: 2015, University of Pennsylvania
URL: https://repository.upenn.edu/edissertations/1605
► This dissertation considers three separate applications of the theory of search and matching equilibria. The first chapter considers a partnership formation game, where agents on…
(more)
▼ This dissertation considers three separate applications of the theory of search and matching equilibria. The first chapter considers a partnership formation game, where agents on two sides of a market need to find a partner before a deadline, and search frictions make it difficult to find an acceptable partner. I characterize agents acceptance decisions – those with whom they would be willing to match – show existence, and provide a condition for uniqueness of equilibrium. This study provides a step towards a better understanding of matching behavior in non-stationary environments where agents have persistent type. The second chapter in this dissertation considers the import of adverse selection in a modern model of directed search in labor markets. Competition in this market drives firms to offer contracts that increase over time, limiting turnover. Adverse selection does not perturb contracts for less attractive types, but leads more attractive workers to accept initially low wages that grow faster than they would under full information. The final chapter of this dissertation explores the import of sequential search behavior in a model of equilibrium price setting by multi-product firms. On the one hand, the market produces results which affirm the common empirical focus on marginal distributions of individual goods’ prices across firms. On the other, when some firms do not offer every good, search behavior leads to interesting pricing patterns which would not occur in single-product markets.
Subjects/Keywords: Deadlines; Matching; Search; Economics
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APA ·
Chicago ·
MLA ·
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CSE |
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to Zotero / EndNote / Reference
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APA (6th Edition):
Baughman, G. A. (2015). Essays on Search and Matching Equilibria. (Thesis). University of Pennsylvania. Retrieved from https://repository.upenn.edu/edissertations/1605
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Baughman, Garth A. “Essays on Search and Matching Equilibria.” 2015. Thesis, University of Pennsylvania. Accessed March 01, 2021.
https://repository.upenn.edu/edissertations/1605.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Baughman, Garth A. “Essays on Search and Matching Equilibria.” 2015. Web. 01 Mar 2021.
Vancouver:
Baughman GA. Essays on Search and Matching Equilibria. [Internet] [Thesis]. University of Pennsylvania; 2015. [cited 2021 Mar 01].
Available from: https://repository.upenn.edu/edissertations/1605.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Baughman GA. Essays on Search and Matching Equilibria. [Thesis]. University of Pennsylvania; 2015. Available from: https://repository.upenn.edu/edissertations/1605
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
17.
Wolthoff, R.P.
Essays on Simultaneous Search Equilibrium.
Degree: 2008, NARCIS
URL: https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb
;
urn:nbn:nl:ui:31-1871/12871
;
61ae5558-ec02-4a86-825b-26550ed6ddcb
;
1871/12871
;
urn:isbn:9789051709285
;
urn:nbn:nl:ui:31-1871/12871
;
https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb
Subjects/Keywords: coordination frictions; directed search; job search; labor economics; labor market; matching; random search; structural estimation; unemployment; vacancies; wages
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APA ·
Chicago ·
MLA ·
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Wolthoff, R. P. (2008). Essays on Simultaneous Search Equilibrium. (Doctoral Dissertation). NARCIS. Retrieved from https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb ; urn:nbn:nl:ui:31-1871/12871 ; 61ae5558-ec02-4a86-825b-26550ed6ddcb ; 1871/12871 ; urn:isbn:9789051709285 ; urn:nbn:nl:ui:31-1871/12871 ; https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb
Chicago Manual of Style (16th Edition):
Wolthoff, R P. “Essays on Simultaneous Search Equilibrium.” 2008. Doctoral Dissertation, NARCIS. Accessed March 01, 2021.
https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb ; urn:nbn:nl:ui:31-1871/12871 ; 61ae5558-ec02-4a86-825b-26550ed6ddcb ; 1871/12871 ; urn:isbn:9789051709285 ; urn:nbn:nl:ui:31-1871/12871 ; https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb.
MLA Handbook (7th Edition):
Wolthoff, R P. “Essays on Simultaneous Search Equilibrium.” 2008. Web. 01 Mar 2021.
Vancouver:
Wolthoff RP. Essays on Simultaneous Search Equilibrium. [Internet] [Doctoral dissertation]. NARCIS; 2008. [cited 2021 Mar 01].
Available from: https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb ; urn:nbn:nl:ui:31-1871/12871 ; 61ae5558-ec02-4a86-825b-26550ed6ddcb ; 1871/12871 ; urn:isbn:9789051709285 ; urn:nbn:nl:ui:31-1871/12871 ; https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb.
Council of Science Editors:
Wolthoff RP. Essays on Simultaneous Search Equilibrium. [Doctoral Dissertation]. NARCIS; 2008. Available from: https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb ; urn:nbn:nl:ui:31-1871/12871 ; 61ae5558-ec02-4a86-825b-26550ed6ddcb ; 1871/12871 ; urn:isbn:9789051709285 ; urn:nbn:nl:ui:31-1871/12871 ; https://research.vu.nl/en/publications/61ae5558-ec02-4a86-825b-26550ed6ddcb
Queens University
18.
Tapp, Stephen S.
A macroeconomic study of the costs, consequences and policy implications of sectorial labour reallocation
.
Degree: Economics, 2008, Queens University
URL: http://hdl.handle.net/1974/1353
► This thesis uses a macroeconomic approach to study labour adjustments following sector-specific shocks. I develop a general model, investigate its dynamic adjustment process and apply…
(more)
▼ This thesis uses a macroeconomic approach to study labour adjustments following
sector-specific shocks. I develop a general model, investigate its dynamic adjustment
process and apply it to study the Canadian economy in 2002–2006. This episode is an
interesting case study because it features a significant labour reallocation to the resource sector and away from manufacturing, precipitated by an increase in global commodity prices and an associated exchange rate appreciation.
The results establish that impediments to the adjustment process are economically
significant in the aggregate for this episode, imposing costs of up to three percent of output during the transition. These findings augment several studies that suggest individual workers can face large and persistent earnings losses during job turnover. However, unlike previous research, I use the search and matching approach — which incorporates explicit labour market frictions — to uncover the sources of these costs for the macroeconomy. The findings emphasize that job loss itself is not particularly important quantitatively,
but rather the non-transferability of skills during job turnover is a key concern.
Finally, I investigate how labour market policy impacts the economy’s response to
sector-specific shocks by analyzing a counterfactual policy change in unemployment benefits and improved skill acquisition through faster learning and training subsidies. The results reveal interesting policy trade-offs. First, I find that increasing unemployment benefits prolongs the economy’s adjustment, reduces employment, output and welfare and increases unemployment incidence and duration. However, because this policy impacts high-productivity and low-productivity sectors differently, it shifts the composition of the remaining jobs towards high-productivity sectors, thereby raising aggregate productivity and also reduces wage inequality. Second, I find that faster skill acquisition has the potential to deliver large economic gains in the long-run, but requires up-front investment costs which entail reduced economic performance in the short-run.
Subjects/Keywords: Sectoral labour reallocation
;
Search and matching
;
Adjustment costs
;
Skills and training
;
Unemployment
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APA ·
Chicago ·
MLA ·
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Tapp, S. S. (2008). A macroeconomic study of the costs, consequences and policy implications of sectorial labour reallocation
. (Thesis). Queens University. Retrieved from http://hdl.handle.net/1974/1353
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Tapp, Stephen S. “A macroeconomic study of the costs, consequences and policy implications of sectorial labour reallocation
.” 2008. Thesis, Queens University. Accessed March 01, 2021.
http://hdl.handle.net/1974/1353.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Tapp, Stephen S. “A macroeconomic study of the costs, consequences and policy implications of sectorial labour reallocation
.” 2008. Web. 01 Mar 2021.
Vancouver:
Tapp SS. A macroeconomic study of the costs, consequences and policy implications of sectorial labour reallocation
. [Internet] [Thesis]. Queens University; 2008. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/1974/1353.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Tapp SS. A macroeconomic study of the costs, consequences and policy implications of sectorial labour reallocation
. [Thesis]. Queens University; 2008. Available from: http://hdl.handle.net/1974/1353
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
University of New South Wales
19.
Bi, Fei.
Efficient structure search in large data sets.
Degree: Computer Science & Engineering, 2018, University of New South Wales
URL: http://handle.unsw.edu.au/1959.4/60228
;
https://unsworks.unsw.edu.au/fapi/datastream/unsworks:51010/SOURCE2?view=true
► Nowadays, with the explosion of information, there has been rapid increase in the amount of data being generated and published; therefore there is an emerging…
(more)
▼ Nowadays, with the explosion of information, there has been rapid increase in the amount of data being generated and published; therefore there is an emerging need for efficiently managing and processing large data sets. Among the existing problems, structure
search is an important topic with many real applications, such as substructure
search in social networks and protein interaction networks and community detecting in social/collaboration networks. In this thesis, we study three important problems regarding structure
search in large data sets.Firstly, we study the structure
search in graph data and focus on subgraph
matching over large data graphs, which extracts all subgraph isomorphic embeddings of a query graph q in a large data graph G. For the first time we address the issue of unpromising results by Cartesian products from "dissimilar" vertices. We propose a new framework by postponing the Cartesian products based on the structure of a query to minimize the redundant Cartesian products. We also devise a new linear size auxiliary data structure to generate a
matching order and conduct subgraph
matching.Secondly, we investigate the "community" structure
search in large graphs, and emphasize on top-k influential communities, where each reported community not only is a cohesive subgraph but also has a high influence value. We propose an instance-optimal algorithm LocalSearch whose time complexity is linearly proportional to the size of the smallest subgraph that a correct algorithm needs to access without indexes. In addition, we propose techniques to make LocalSearch progressively compute and report the communities in decreasing influence value order such that k does not need to be specified.Finally, we study the structure
search problem in string data sets with edit distance similarity, which retrieves all strings in a string data set that are similar to a query string with respect to a given edit distance threshold. We propose a cross pivotal based approach to fully exploiting the pruning power of multiple pivotal sets, which is a set of non-overlapping signatures for indexing and query processing. We prove theoretically that our cross pivotal filter has stronger pruning power than state-of-the-art filters.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22University%20of%20New%20South%20Wales%22%20%2Bcontributor%3A%28%22Zhang%2C%20Wenjie%2C%20Computer%20Science%20%26%20Engineering%2C%20Faculty%20of%20Engineering%2C%20UNSW%22%29&pagesize-30">Zhang, Wenjie, Computer Science & Engineering, Faculty of Engineering, UNSW,
search?q=%2Bpublisher%3A%22University%20of%20New%20South%20Wales%22%20%2Bcontributor%3A%28%22Lin%2C%20Xuemin%2C%20Computer%20Science%20%26%20Engineering%2C%20Faculty%20of%20Engineering%2C%20UNSW%22%29&pagesize-30">Lin, Xuemin, Computer Science & Engineering, Faculty of Engineering, UNSW.
Subjects/Keywords: Influential Community Search; Substructure Search; Subgraph Matching; String Similarity Search
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APA ·
Chicago ·
MLA ·
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Bi, F. (2018). Efficient structure search in large data sets. (Doctoral Dissertation). University of New South Wales. Retrieved from http://handle.unsw.edu.au/1959.4/60228 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:51010/SOURCE2?view=true
Chicago Manual of Style (16th Edition):
Bi, Fei. “Efficient structure search in large data sets.” 2018. Doctoral Dissertation, University of New South Wales. Accessed March 01, 2021.
http://handle.unsw.edu.au/1959.4/60228 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:51010/SOURCE2?view=true.
MLA Handbook (7th Edition):
Bi, Fei. “Efficient structure search in large data sets.” 2018. Web. 01 Mar 2021.
Vancouver:
Bi F. Efficient structure search in large data sets. [Internet] [Doctoral dissertation]. University of New South Wales; 2018. [cited 2021 Mar 01].
Available from: http://handle.unsw.edu.au/1959.4/60228 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:51010/SOURCE2?view=true.
Council of Science Editors:
Bi F. Efficient structure search in large data sets. [Doctoral Dissertation]. University of New South Wales; 2018. Available from: http://handle.unsw.edu.au/1959.4/60228 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:51010/SOURCE2?view=true
Universidad del Rosario
20.
Posada Duque, Héctor Mauricio.
Informality in the City: a Theoretical Analysis.
Degree: 2015, Universidad del Rosario
URL: http://repository.urosario.edu.co/handle/10336/11982
This thesis theoretically studies the relationship between the informal sector (both in the labor and the housing market) and the city structure.
Universidad de Antioquia
Colciencias
Conalpe
Advisors/Committee Members: Moreno Monroy, Ana Isabel, Guataquí, Juan.Subjects/Keywords: Informal labor; Transport; Search-and-matching; Commuting frequency; Informal housing; Urban land market; Decentralization; Rural-urban migration; 331.13; Economía informal; Transporte; Bienes raíces; Descentralización administrativa; Migración rural-urbana
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APA ·
Chicago ·
MLA ·
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Posada Duque, H. M. (2015). Informality in the City: a Theoretical Analysis. (Thesis). Universidad del Rosario. Retrieved from http://repository.urosario.edu.co/handle/10336/11982
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Posada Duque, Héctor Mauricio. “Informality in the City: a Theoretical Analysis.” 2015. Thesis, Universidad del Rosario. Accessed March 01, 2021.
http://repository.urosario.edu.co/handle/10336/11982.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Posada Duque, Héctor Mauricio. “Informality in the City: a Theoretical Analysis.” 2015. Web. 01 Mar 2021.
Vancouver:
Posada Duque HM. Informality in the City: a Theoretical Analysis. [Internet] [Thesis]. Universidad del Rosario; 2015. [cited 2021 Mar 01].
Available from: http://repository.urosario.edu.co/handle/10336/11982.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Posada Duque HM. Informality in the City: a Theoretical Analysis. [Thesis]. Universidad del Rosario; 2015. Available from: http://repository.urosario.edu.co/handle/10336/11982
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
University of Pennsylvania
21.
Richards, Seth O.
Peer Effects in Sexual Initiation: Separating Social Norms and Partner Supply.
Degree: 2010, University of Pennsylvania
URL: https://repository.upenn.edu/edissertations/118
► Sexual activity among adolescents is associated with risks such as pregnancy and STDs, and there is substantial policy interest in how peers influence the timing…
(more)
▼ Sexual activity among adolescents is associated with risks such as pregnancy and STDs, and there is substantial policy interest in how peers influence the timing of sexual initiation. This paper measures separate effects for two social mechanisms – peer-group norms and partner availability – using a national sample of high school students. I develop and estimate an equilibrium search and matching model for first sexual encounters that specifies distinct roles for the two mechanisms. Norms are defined based on the share of nonvirgins among same-gender peers, which influences whether an individual searches for a sexual partner. Supply is modeled with an arrival rate for partners, which depends on the search behavior among the opposite gender. The model produces a discrete-time duration to first sex which I estimate with quarterly data on individual virginity status constructed from the Add Health study. The endogeneity of peer behavior with respect to individual behavior is addressed with a combination of strategies. First, I use standard instrumental variables methods to estimate linear regressions for virginity status at the end of each grade. Instruments for group nonvirginity rates are person-specific characteristics such as sibling structure and age of menarche, and the regressions include school-by-grade fixed effects. This analysis demonstrates that school-based social interactions have a large effect on sexual initiation. Second, I estimate the search and matching model via simulated maximum likelihood, in order to decompose this composite effect into separate effects of peer norms and partner availability. Here I control for the endogeneity of peer behavior by (a) defining the norm effect as a function of lagged peer outcomes, (b) including a random effect that is correlated within schools, and (c) using exogenous peer characteristics as supply shifters. I find that peer-group norms have a large effect on the timing of sexual initiation: removing the peer influence on search decisions, 42% fewer boys and 22% fewer girls become sexually active in ninth or tenth grade. Changes in the availability of partners at school (i.e., changes in opposite-gender search behavior) also have a large impact on initiation rates for boys, although not for girls.
Subjects/Keywords: peer effects; social networks; adolescents; sexual behavior; search and matching; Labor Economics
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APA ·
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MLA ·
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Richards, S. O. (2010). Peer Effects in Sexual Initiation: Separating Social Norms and Partner Supply. (Thesis). University of Pennsylvania. Retrieved from https://repository.upenn.edu/edissertations/118
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Richards, Seth O. “Peer Effects in Sexual Initiation: Separating Social Norms and Partner Supply.” 2010. Thesis, University of Pennsylvania. Accessed March 01, 2021.
https://repository.upenn.edu/edissertations/118.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Richards, Seth O. “Peer Effects in Sexual Initiation: Separating Social Norms and Partner Supply.” 2010. Web. 01 Mar 2021.
Vancouver:
Richards SO. Peer Effects in Sexual Initiation: Separating Social Norms and Partner Supply. [Internet] [Thesis]. University of Pennsylvania; 2010. [cited 2021 Mar 01].
Available from: https://repository.upenn.edu/edissertations/118.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Richards SO. Peer Effects in Sexual Initiation: Separating Social Norms and Partner Supply. [Thesis]. University of Pennsylvania; 2010. Available from: https://repository.upenn.edu/edissertations/118
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
22.
Amberger, Korie.
Sectoral Reallocation and Information Economics.
Degree: PhD, Economics, 2015, The Ohio State University
URL: http://rave.ohiolink.edu/etdc/view?acc_num=osu1429615391
► In my first chapter, I note that cyclical U.S. labor markets have seen a reduction in fluctuations since the Great Moderation. Concurrent with this event,…
(more)
▼ In my first chapter, I note that cyclical U.S.
labor
markets have seen a reduction in fluctuations since the Great
Moderation. Concurrent with this event, I show evidence of reduced
cross-sector
labor mobility. I quantify the impact of sectoral
reallocation in shaping
labor market volatility by developing a
Diamond-Mortensen-Pissarides
model. Calibrated to pre-1984 data,
the
model lets me ask how much of the Great Moderation is explained
by a rise in reallocation frictions. Fluctuations in all
labor
market variables fall following the change. The benchmark
two-sector
model also generates higher
labor market volatility,
nearer the data, when compared to the predictions of a
single-sector version. When one sector faces a negative shock, it
sees not only a drop in expected match value but also expected
outside value falls only marginally as more workers consider
reallocation. These effects combine to produce larger declines in
expected surplus, boosting the separation rate and lowering the
job-finding rate. Increased barriers to reallocation weaken these
additional sources of volatility.What causes economic fluctuations?
A growing literature considers noise shocks, shocks affecting only
expectations. Most research in the area has adopted a framework
without capital. In my second chapter, I explore the implications
of this omission. Incorporating endogenous capital accumulation in
a New Keynesian
model, I find it reduces the impact of noise
shocks, halving the initial output response. When a noise shock
hits, investment responds weakly and output is mostly driven by
consumption. Usable capital on impact is fixed, so diminishing
returns restrain the initial response in
labor and output.
Subsequent adjustments to the capital stock are gradual in
equilibrium, leaving the overall output response muted relative to
the
labor-only noise shock models.Are sunspots, information
uncorrelated with economic fundamentals, an important source of
volatility? Experimental evidence suggests that individuals respond
to sunspots, but sunspots are largely the only source of
information. My last chapter examines what leads people to use
sunspots when they have access to fundamental information. Subjects
want to operate in the true (fundamental) state, but achieve lower
payoffs for coordination. Fundamental information is provided by a
private, imperfect signal. Subjects also see a sunspot in the form
of a random public signal and are given no instruction on how to
use the information. I find that individuals are more likely to
converge on using the sunspot when fundamental information is
noisy. When the information set is expanded to include a static and
dynamic sunspot signal, convergence is weaker, but focused on the
volatile, dynamic option. Together, my results suggest the pull of
sunspots is stronger in times of high fundamental uncertainty, and
can be responsible for the rise in economic volatility typically
associated with these periods.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22The%20Ohio%20State%20University%22%20%2Bcontributor%3A%28%22Thomas%2C%20Julia%22%29&pagesize-30">Thomas, Julia (Advisor).
Subjects/Keywords: Economics; sectoral reallocation; labor markets; volatility; search and matching; sunspots
…1.4.3 Sectoral Labor Markets and Search Frictions . . .
1.4.4 Timing… …x28;DMP) model with endogenous exit, on-the-job search, and reallocation frictions to… …unemployment volatility far closer to the data. Moreover, my
search and matching environment allows… …1
Sectoral Reallocation and Labor Markets: A Cyclical Perspective . . . .
1.1
1.2
1.3… …Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.3.1 Labor Market…
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APA ·
Chicago ·
MLA ·
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Amberger, K. (2015). Sectoral Reallocation and Information Economics. (Doctoral Dissertation). The Ohio State University. Retrieved from http://rave.ohiolink.edu/etdc/view?acc_num=osu1429615391
Chicago Manual of Style (16th Edition):
Amberger, Korie. “Sectoral Reallocation and Information Economics.” 2015. Doctoral Dissertation, The Ohio State University. Accessed March 01, 2021.
http://rave.ohiolink.edu/etdc/view?acc_num=osu1429615391.
MLA Handbook (7th Edition):
Amberger, Korie. “Sectoral Reallocation and Information Economics.” 2015. Web. 01 Mar 2021.
Vancouver:
Amberger K. Sectoral Reallocation and Information Economics. [Internet] [Doctoral dissertation]. The Ohio State University; 2015. [cited 2021 Mar 01].
Available from: http://rave.ohiolink.edu/etdc/view?acc_num=osu1429615391.
Council of Science Editors:
Amberger K. Sectoral Reallocation and Information Economics. [Doctoral Dissertation]. The Ohio State University; 2015. Available from: http://rave.ohiolink.edu/etdc/view?acc_num=osu1429615391
University of New South Wales
23.
Zhu, Gaoping.
Efficient algorithms for graph all-matching and containment search.
Degree: Computer Science & Engineering, 2012, University of New South Wales
URL: http://handle.unsw.edu.au/1959.4/51790
;
https://unsworks.unsw.edu.au/fapi/datastream/unsworks:10457/SOURCE02?view=true
► Recent advances in database research have shown the potential of graph in modellingcomplicated data. Graph data have pervaded many modern applicationsincluding bio-informatics, chem-informatics, semantic webs,…
(more)
▼ Recent advances in database research have shown the potential of graph in modellingcomplicated data. Graph data have pervaded many modern applicationsincluding bio-informatics, chem-informatics, semantic webs, software engineering,etc. Efficient algorithms are strongly demanded in these applications to manageand analyze graph data.Thesis studies three fundamental problems in managing and analyzing graphdata by proposing efficient query processing algorithms. These problems include(1) similarity all-
matching (2) supergraph containment
search and (3) subgraphcontainment
search.We first study the problem of similarity all-
matching to retrieve all similaritymatches of a given query graph in a data graph with the number of missingedges bounded by a given similarity threshold. The only existing work proposes anenumerate-
search paradigm. Our first approach to similarity all-
matching proposesa novel query decomposition based hierarchical framework to effectively reduce thenumber of intermediate matches and share the intermediate matches produced inthe enumerate-
search paradigm. Our second approach to similarity all-matchingproposes a novel tree based spanning
search paradigm to effectively reduce thenumber of enumerated seeds and the corresponding searching processes.Our second problem, supergraph containment
search, is to retrieve all the datagraphs contained by a given query graph from a graph database. Previous worksfollow the filtering-verification framework to first filter most negative answers andthen conduct verification on a small number of surviving candidates. Observingthat the framework is significantly challenged by the redundant computation betweenthe filtering phase and the verification phase, this thesis proposes a novelcomputation-sharing framework to maximize the computation sharing between thetwo phases.Our last problem, subgraph containment
search, is to retrieve all data graphscontaining a given query graph from a graph database. The existing indexingtechniques not only fail to address the redundant computation in the filtering phasebut also are inefficient to be directly applied on some important variant problems ofsubgraph containment
search. Motivated by these, this thesis proposes an efficientquery processing algorithms to reduce the filtering cost in subgraph containmentsearch and then develops efficient query processing algorithms for two importantvariations of subgraph containment
search.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22University%20of%20New%20South%20Wales%22%20%2Bcontributor%3A%28%22Lin%2C%20Xuemin%2C%20Computer%20Science%20%26%20Engineering%2C%20Faculty%20of%20Engineering%2C%20UNSW%22%29&pagesize-30">Lin, Xuemin, Computer Science & Engineering, Faculty of Engineering, UNSW.
Subjects/Keywords: Similarity All-Matching; Graph Database; Containment Search
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APA (6th Edition):
Zhu, G. (2012). Efficient algorithms for graph all-matching and containment search. (Doctoral Dissertation). University of New South Wales. Retrieved from http://handle.unsw.edu.au/1959.4/51790 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:10457/SOURCE02?view=true
Chicago Manual of Style (16th Edition):
Zhu, Gaoping. “Efficient algorithms for graph all-matching and containment search.” 2012. Doctoral Dissertation, University of New South Wales. Accessed March 01, 2021.
http://handle.unsw.edu.au/1959.4/51790 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:10457/SOURCE02?view=true.
MLA Handbook (7th Edition):
Zhu, Gaoping. “Efficient algorithms for graph all-matching and containment search.” 2012. Web. 01 Mar 2021.
Vancouver:
Zhu G. Efficient algorithms for graph all-matching and containment search. [Internet] [Doctoral dissertation]. University of New South Wales; 2012. [cited 2021 Mar 01].
Available from: http://handle.unsw.edu.au/1959.4/51790 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:10457/SOURCE02?view=true.
Council of Science Editors:
Zhu G. Efficient algorithms for graph all-matching and containment search. [Doctoral Dissertation]. University of New South Wales; 2012. Available from: http://handle.unsw.edu.au/1959.4/51790 ; https://unsworks.unsw.edu.au/fapi/datastream/unsworks:10457/SOURCE02?view=true
24.
Ghrairi Bouhajeb, Jihan.
Employabilité des jeunes en France : influence des réseaux et des canaux formels de recherche d’emploi : Youth employability in France : the influence of networks and formal job search Channels.
Degree: Docteur es, Sciences économiques, 2016, Paris 2
URL: http://www.theses.fr/2016PA020022
► Améliorer l’accès et la qualité de l’emploi des jeunes figure parmi les priorités en France. Ainsi, ce travail doctoral aide à comprendre l’efficacité et les…
(more)
▼ Améliorer l’accès et la qualité de l’emploi des jeunes figure parmi les priorités en France. Ainsi, ce travail doctoral aide à comprendre l’efficacité et les limites des canaux formels et informels. Les trois études empiriques de cette thèse fournissent un état des lieux de l’employabilité des jeunes en mettant l’accent sur les tendances concernant leurs pratiques de recherche et la qualité des emplois qu’ils obtiennent. Ces trois études sont précédés par une introduction générale et une revue de littérature. La première est dédiée à l’analyse des déterminants de l’accès à l’emploi à travers un mode de recherche bien déterminé. Dans le cadre de cette analyse, les effets de certains facteurs tels que l’origine, le genre, le lieu de résidence et l’éducation sont mis en évidence. La deuxième s’interroge sur l’influence des modes d’accès sur la qualité et la satisfaction de l’emploi obtenu. La troisième s’intéresse aux demandeurs d’emploi afin de comprendre leurs préférences et leurs stratégies de prospection. Cette dernière étude de la thèse est dédiée à la comparaison entre les pratiques (en termes d’intensité et de préférences) employées par les individus en emploi et celles menées par les chômeurs. Nos conclusions suggèrent un renforcement du rôle joué par les intermédiaires institutionnels de placement (en particulier le service public) mais aussi la nécessité de renforcer davantage le rôle des établissements scolaires afin de promouvoir le réseau scolaire comme moyen de recrutement.
Improve youth employment’s quality is a priority in France. This thesis focuses on job search and job access trends, in addition to the role played by the informal and formal search channels on the job matching issue. It helps understanding the informal and formal channels’ efficiency and limitations in order to ameliorate youth employment as France continues to prioritize youth in its national policy agendas. This PhD work offers valuable lessons learned on "who uses what" and on "what works" better for youth employment through three empirical studies.These three studies are preceded by a general introduction and a literature review. The first chapter is dedicated to the analysis of the job access channel’s determinants. As part of this chapter, the effects of some factors such as origin, gender, place of residence and education are emphasized. The second chapter examines the influence of these access channels on the quality and the satisfaction with the obtained job. The third chapter focuses on the comparaison of on- and out-of-the job seekers’ preferences, search intensity and strategies. Our findings suggest a further strengthening of the role played by the public employment service as well as the role of schools as a possible recruitment channel.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Paris%202%22%20%2Bcontributor%3A%28%22Fakhfakh%2C%20Fathi%22%29&pagesize-30">Fakhfakh, Fathi (thesis director),
search?q=%2Bpublisher%3A%22Paris%202%22%20%2Bcontributor%3A%28%22Vignes%2C%20Annick%22%29&pagesize-30">Vignes, Annick (thesis director).
Subjects/Keywords: Marché du travail des jeunes; Recherche d'emploi; Réseaux sociaux; Réseaux scolaires; Intermédiaires formels de recrutement; Recherche dans l'emploi; Qualité de l'appariement; Youth labor market; Job search; Social network; Formal employment intermediates; On-the job search; Matching quality
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Manager
APA (6th Edition):
Ghrairi Bouhajeb, J. (2016). Employabilité des jeunes en France : influence des réseaux et des canaux formels de recherche d’emploi : Youth employability in France : the influence of networks and formal job search Channels. (Doctoral Dissertation). Paris 2. Retrieved from http://www.theses.fr/2016PA020022
Chicago Manual of Style (16th Edition):
Ghrairi Bouhajeb, Jihan. “Employabilité des jeunes en France : influence des réseaux et des canaux formels de recherche d’emploi : Youth employability in France : the influence of networks and formal job search Channels.” 2016. Doctoral Dissertation, Paris 2. Accessed March 01, 2021.
http://www.theses.fr/2016PA020022.
MLA Handbook (7th Edition):
Ghrairi Bouhajeb, Jihan. “Employabilité des jeunes en France : influence des réseaux et des canaux formels de recherche d’emploi : Youth employability in France : the influence of networks and formal job search Channels.” 2016. Web. 01 Mar 2021.
Vancouver:
Ghrairi Bouhajeb J. Employabilité des jeunes en France : influence des réseaux et des canaux formels de recherche d’emploi : Youth employability in France : the influence of networks and formal job search Channels. [Internet] [Doctoral dissertation]. Paris 2; 2016. [cited 2021 Mar 01].
Available from: http://www.theses.fr/2016PA020022.
Council of Science Editors:
Ghrairi Bouhajeb J. Employabilité des jeunes en France : influence des réseaux et des canaux formels de recherche d’emploi : Youth employability in France : the influence of networks and formal job search Channels. [Doctoral Dissertation]. Paris 2; 2016. Available from: http://www.theses.fr/2016PA020022
25.
Epstein, Brendan.
Essays on Labor Heterogeneity and Macroeconomics.
Degree: PhD, Economics, 2011, University of Michigan
URL: http://hdl.handle.net/2027.42/86536
► This dissertation is comprised of three essays that examine various aspects of macroeconomics linked to labor economics. The first essay develops an understanding of how,…
(more)
▼ This dissertation is comprised of three essays that examine various aspects of macroeconomics linked to
labor economics. The first essay develops an understanding of how, in addition to
search frictions,
labor heterogeneity can influence aggregate
labor-market fluctuations, and, in particular, the cyclical behavior of aggregate unemployment. Heterogeneity is captured by considering a
labor force in which individuals have a comparative advantage in a particular job, yet are still able to work in jobs in which they are at a comparative disadvantage. Within this context, firms' match-quality expectations are slow moving, which results in it being the case that in an expansion the ratio of aggregate vacancies to unemployment will exhibit a stage of sluggish adjustment. This is a key feature of the data that the standard, homogenous-agent
model of equilibrium unemployment cannot account for. The second essay, which is co-written with Miles S. Kimball, examines the long-run macroeconomic consequences of changes in on-the-job utility. One important implication of secular improvements in on-the-job utility is that it is possible for work hours to remain relatively trendless over time even if the income effect of higher wages on
labor supply exceeds the substitution effect of higher wages. Another important implication is that such secular improvements can themselves be a substantial component of the welfare gains from technological progress. These two implications are connected by an identity: improvements in on-the-job utility that have a significant effect on
labor supply tend to have large welfare effects. The third essay, which is co-written with Shanthi P. Ramnath, re-examines the ability of the standard neoclassical macroeconomic
model augmented with taxes to match the trend behavior of hours per population (H/P) across countries. This essay presents evidence that the failure of this
model to accurately predict H/P in certain countries stems from an inherent inability of the
model to account for changes in the employment-to-population ratio (E/P). This implies a surprising result, which is that a substantial fraction of the
labor wedge, which captures the extent to which the standard
model fails to predict H/P, consists of E/P itself.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22University%20of%20Michigan%22%20%2Bcontributor%3A%28%22Elsby%2C%20Michael%20%20W%20L%22%29&pagesize-30">Elsby, Michael W L (committee member),
search?q=%2Bpublisher%3A%22University%20of%20Michigan%22%20%2Bcontributor%3A%28%22Kimball%2C%20Miles%20S.%22%29&pagesize-30">Kimball, Miles S. (committee member),
search?q=%2Bpublisher%3A%22University%20of%20Michigan%22%20%2Bcontributor%3A%28%22Jacob%2C%20Brian%20Aaron%22%29&pagesize-30">Jacob, Brian Aaron (committee member),
search?q=%2Bpublisher%3A%22University%20of%20Michigan%22%20%2Bcontributor%3A%28%22Smith%2C%20Jeffrey%20Andrew%22%29&pagesize-30">Smith, Jeffrey Andrew (committee member).
Subjects/Keywords: Macroeconomics; Labor Economics; Heterogeneity; Search and Matching; Labor Wedge; On-the-Job Utility; Economics; Business
…x28;MA-OS model)
40
2.7 Response of e¤ective search to permanent increase p (MA… …140
4.2 Actual H=P and neoclassical model-generated H=P
141
4.3 Labor wedge associated… …model with taxes
142
4.5 Labor wedges associated with NM and NMT model-generated H=P
143… …labor economics.
The …rst essay develops an understanding of how, in addition to search… …fraction of the labor wedge can be explained when the standard model is enhanced to account for…
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APA (6th Edition):
Epstein, B. (2011). Essays on Labor Heterogeneity and Macroeconomics. (Doctoral Dissertation). University of Michigan. Retrieved from http://hdl.handle.net/2027.42/86536
Chicago Manual of Style (16th Edition):
Epstein, Brendan. “Essays on Labor Heterogeneity and Macroeconomics.” 2011. Doctoral Dissertation, University of Michigan. Accessed March 01, 2021.
http://hdl.handle.net/2027.42/86536.
MLA Handbook (7th Edition):
Epstein, Brendan. “Essays on Labor Heterogeneity and Macroeconomics.” 2011. Web. 01 Mar 2021.
Vancouver:
Epstein B. Essays on Labor Heterogeneity and Macroeconomics. [Internet] [Doctoral dissertation]. University of Michigan; 2011. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/2027.42/86536.
Council of Science Editors:
Epstein B. Essays on Labor Heterogeneity and Macroeconomics. [Doctoral Dissertation]. University of Michigan; 2011. Available from: http://hdl.handle.net/2027.42/86536
26.
Finkelstein Shapiro, Alan.
The Business Cycle Consequences of Informal Labor Markets.
Degree: Economics, 2013, University of Maryland
URL: http://hdl.handle.net/1903/14437
► This dissertation explores the connection between the structure of labor markets and business cycle dynamics, with a focus on informality. The first chapter summarizes the…
(more)
▼ This dissertation explores the connection between the structure of
labor markets and business cycle dynamics, with a focus on informality. The first chapter summarizes the main contributions of the dissertation.
Institutional quality is one of the most important determinants of cross-country differences in informality. The second chapter analyzes the link between institutions, the size of the informal sector, and aggregate volatility. I build a business cycle
search and
matching model with informal
labor markets that captures the positive connection between informal sector size and consumption and investment volatility in the data. In addition, I show that the root cause of changes in the size of the informal sector matters for establishing the relationship between (1) informality and long-run macroeconomic outcomes and (2) informality and aggregate volatility. For the same change in informal sector size, changes in different parameters of institutional quality in the
model have contrasting quantitative implications for the steady state and the volatility of unemployment in the economy. These results highlight the importance of identifying the specific source behind changes in the size of the informal sector to characterize the link between informality and business cycle dynamics.
The third chapter explores the connection between the share of self-employment in the economy and the pace of economic recoveries. Self-employment comprises an important share of employment in many countries. Recent studies document that self-employment expands during downturns, a fact that arises from higher transition rates out of unemployment and into self-employment in recessions. Furthermore, countries with higher self-employment shares exhibit lower output persistence over the business cycle. I build a novel business cycle
model with frictional
labor markets where individuals can be self-employed or employed in salaried firms. I show that economies with larger self-employment shares exhibit faster recoveries following a negative economy-wide productivity shock. Differences in the ease of entry into self-employment as the economy recovers play a key role in explaining contrasting
labor market and output dynamics. The
model successfully captures some of the key cyclical patterns of self-employment absent in existing models, as well as the quantitative relationship between self-employment and cyclical output persistence in the data.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22University%20of%20Maryland%22%20%2Bcontributor%3A%28%22Aruoba%2C%20Boragan%22%29&pagesize-30">Aruoba, Boragan (advisor),
search?q=%2Bpublisher%3A%22University%20of%20Maryland%22%20%2Bcontributor%3A%28%22Haltiwanger%2C%20John%20C%22%29&pagesize-30">Haltiwanger, John C (advisor).
Subjects/Keywords: Economics; Business cycles; Informality; Labor markets; Labor search and matching frictions
…business cycle model and expand it to have search frictions in the labor market and
informal… …transmitted through
the informal sector in a New-Keynesian model with labor search frictions. In… …entry into self-employment in
a business cycle model with labor search frictions. To the best… …Ulyssea (2010) proposes a two-sector search and matching model
based on Acemoglu… …matching
model with firing costs and severance payments as proxies for labor institutions.
He…
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APA ·
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Export
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APA (6th Edition):
Finkelstein Shapiro, A. (2013). The Business Cycle Consequences of Informal Labor Markets. (Thesis). University of Maryland. Retrieved from http://hdl.handle.net/1903/14437
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Finkelstein Shapiro, Alan. “The Business Cycle Consequences of Informal Labor Markets.” 2013. Thesis, University of Maryland. Accessed March 01, 2021.
http://hdl.handle.net/1903/14437.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Finkelstein Shapiro, Alan. “The Business Cycle Consequences of Informal Labor Markets.” 2013. Web. 01 Mar 2021.
Vancouver:
Finkelstein Shapiro A. The Business Cycle Consequences of Informal Labor Markets. [Internet] [Thesis]. University of Maryland; 2013. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/1903/14437.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Finkelstein Shapiro A. The Business Cycle Consequences of Informal Labor Markets. [Thesis]. University of Maryland; 2013. Available from: http://hdl.handle.net/1903/14437
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Penn State University
27.
Davoodalhosseini, Seyed Mohammadreza.
Essays in Directed Search with Private Information.
Degree: 2015, Penn State University
URL: https://submit-etda.libraries.psu.edu/catalog/26188
► This dissertation consists of two chapters, each of which is based on a theoretical research paper. The two chapters are related in that in both…
(more)
▼ This dissertation consists of two chapters, each of which is based on a theoretical research paper. The two chapters are related in that in both chapters I study models of directed (competitive)
search with private information. However, some details of the environments and the questions addressed in each chapter are different.
In Chapter 1, I mainly address a normative question about the (in)efficiency of equilibrium, while the main question in Chapter 2 is how to characterize the equilibrium and what properties the equilibrium has.
In Chapter 1, I characterize the constrained efficient or planner’s allocation in a directed
search model with private information. In this economy, buyers post contracts and sellers with private information observe all postings and direct their
search toward their preferred contract. Then buyers and sellers match bilaterally and trade. I define a planner whose objective is to maximize social welfare
subject
to the information and
matching frictions of the environment. I show in my main result that if the market economy fails to achieve the first best, then the planner, using a direct mechanism, achieves strictly higher welfare than the market economy. I also derive conditions under which the planner achieves the first best. I show that
the planner can implement the direct mechanism by imposing submarket-specific
taxes and subsidies on buyers conditional on trade (sales tax).
In an asset market application, I show that in general the efficient sales tax schedule is non-monotone in the price of assets. This non-monotonicity makes the implementation of the direct mechanism difficult in practice. I show that if in addition to sales tax the planner can use entry tax, submarket-specific taxes and
subsidies imposed on buyers conditional on entry to each submarket whether they find a match or not, then the planner can implement the direct mechanism by using monotone tax schedules, increasing sales tax and decreasing entry tax.
In Chapter 2, I study a
model in which firms invest in capital and post wages, and heterogeneous workers, who have private information about their skills, choose where to apply. Workers and firms match bilaterally. Each matched agent gets an exogenous payoff from the match before wages are paid. Each of these payoffs displays complementarity in capital and skill. I derive conditions under which the market exhibits PAM, positive assortative
matching. Under these conditions, the firms over-invest in capital compared to the first best, because capital is used as a
screening device.
I show that the fact that firms need to screen workers in the presence of private information changes the predictions of the
model compared to that in the presence of complete information. In particular, I show that the complete information
allocation exhibiting PAM is not necessary nor sufficient for the market allocation to exhibit PAM.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Neil%20Wallace%2C%20Dissertation%20Advisor%2FCo-Advisor%22%29&pagesize-30">Neil Wallace, Dissertation Advisor/Co-Advisor,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Shouyong%20Shi%2C%20Dissertation%20Advisor%2FCo-Advisor%22%29&pagesize-30">Shouyong Shi, Dissertation Advisor/Co-Advisor,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Neil%20Wallace%2C%20Committee%20Chair%2FCo-Chair%22%29&pagesize-30">Neil Wallace, Committee Chair/Co-Chair,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Edward%20James%20Green%2C%20Committee%20Member%22%29&pagesize-30">Edward James Green, Committee Member,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Manolis%20Galenianos%2C%20Special%20Member%22%29&pagesize-30">Manolis Galenianos, Special Member,
search?q=%2Bpublisher%3A%22Penn%20State%20University%22%20%2Bcontributor%3A%28%22Anthony%20Mark%20Kwasnica%2C%20Committee%20Member%22%29&pagesize-30">Anthony Mark Kwasnica, Committee Member.
Subjects/Keywords: Directed search; Competitive search equilibrium; Adverse selection; Pre-match investment; Assortative matching; Complementarity
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APA ·
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Export
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APA (6th Edition):
Davoodalhosseini, S. M. (2015). Essays in Directed Search with Private Information. (Thesis). Penn State University. Retrieved from https://submit-etda.libraries.psu.edu/catalog/26188
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Davoodalhosseini, Seyed Mohammadreza. “Essays in Directed Search with Private Information.” 2015. Thesis, Penn State University. Accessed March 01, 2021.
https://submit-etda.libraries.psu.edu/catalog/26188.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Davoodalhosseini, Seyed Mohammadreza. “Essays in Directed Search with Private Information.” 2015. Web. 01 Mar 2021.
Vancouver:
Davoodalhosseini SM. Essays in Directed Search with Private Information. [Internet] [Thesis]. Penn State University; 2015. [cited 2021 Mar 01].
Available from: https://submit-etda.libraries.psu.edu/catalog/26188.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Davoodalhosseini SM. Essays in Directed Search with Private Information. [Thesis]. Penn State University; 2015. Available from: https://submit-etda.libraries.psu.edu/catalog/26188
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Universitat Pompeu Fabra
28.
Cairó, Isabel.
Essays on human capital and labor market dynamics.
Degree: Departament d'Economia i Empresa, 2014, Universitat Pompeu Fabra
URL: http://hdl.handle.net/10803/146181
► Aquesta tesi investiga el paper del capital humà en la comprensió de certs esdeveniments recents en el mercat de treball dels Estats Units. El capítol…
(more)
Subjects/Keywords: Labor markets; Human capital; Employment; Unemployment; Search and matching models; On-the-job training; Demographics; Mercats de treball; Capital humà; Ocupació; Desocupació; Models de cerca i aparellament; Formació al lloc de treball; Demografia; 33
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APA ·
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Manager
APA (6th Edition):
Cairó, I. (2014). Essays on human capital and labor market dynamics. (Thesis). Universitat Pompeu Fabra. Retrieved from http://hdl.handle.net/10803/146181
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Cairó, Isabel. “Essays on human capital and labor market dynamics.” 2014. Thesis, Universitat Pompeu Fabra. Accessed March 01, 2021.
http://hdl.handle.net/10803/146181.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Cairó, Isabel. “Essays on human capital and labor market dynamics.” 2014. Web. 01 Mar 2021.
Vancouver:
Cairó I. Essays on human capital and labor market dynamics. [Internet] [Thesis]. Universitat Pompeu Fabra; 2014. [cited 2021 Mar 01].
Available from: http://hdl.handle.net/10803/146181.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Cairó I. Essays on human capital and labor market dynamics. [Thesis]. Universitat Pompeu Fabra; 2014. Available from: http://hdl.handle.net/10803/146181
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
29.
ZHAO JUNZHU.
ESSAYS ON MONETARY POLICY.
Degree: 2017, National University of Singapore
URL: http://scholarbank.nus.edu.sg/handle/10635/135453
Subjects/Keywords: Targeting frameworks; Optimal monetary policy; Robust monetary policy; Labor market frictions; Optimal targeting rule; Search and matching frictions
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APA (6th Edition):
JUNZHU, Z. (2017). ESSAYS ON MONETARY POLICY. (Thesis). National University of Singapore. Retrieved from http://scholarbank.nus.edu.sg/handle/10635/135453
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
JUNZHU, ZHAO. “ESSAYS ON MONETARY POLICY.” 2017. Thesis, National University of Singapore. Accessed March 01, 2021.
http://scholarbank.nus.edu.sg/handle/10635/135453.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
JUNZHU, ZHAO. “ESSAYS ON MONETARY POLICY.” 2017. Web. 01 Mar 2021.
Vancouver:
JUNZHU Z. ESSAYS ON MONETARY POLICY. [Internet] [Thesis]. National University of Singapore; 2017. [cited 2021 Mar 01].
Available from: http://scholarbank.nus.edu.sg/handle/10635/135453.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
JUNZHU Z. ESSAYS ON MONETARY POLICY. [Thesis]. National University of Singapore; 2017. Available from: http://scholarbank.nus.edu.sg/handle/10635/135453
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
30.
Dong, Feng.
Essays on Financial and Labor Markets with Frictions.
Degree: PhD, Economics, 2014, Washington University in St. Louis
URL: https://openscholarship.wustl.edu/etd/1232
► The dissertation, which consists of three chapters, is devoted to exploring financial and labor markets with frictions. Chapter I: Unemployment and Capital Misallocation. The…
(more)
▼ The dissertation, which consists of three chapters, is devoted to exploring financial and
labor markets with frictions. Chapter I: Unemployment and Capital Misallocation. The recent recession was associated not only with a marked disruption in the credit market, but also a sharp deterioration in
labor market conditions, as evidenced by high unemployment rates and an outward shift in the Beveridge curve. Motivated by such co-movements of the credit market and the
labor market, in this chapter I develop a tractable dynamic
model with heterogeneous entrepreneurs, credit constraints, and
labor-
search frictions. In this framework, the misallocation of capital across firms has an adverse effect on the
matching efficiency in the
labor market. I then quantify the importance of capital misallocation for understanding the behavior of unemployment rate. I find that the credit crunch was the key driving force behind the outward shift in the Beveridge curve during and after the Great Recession. More broadly, I find that credit market frictions and
labor search frictions almost equally contributed to unemployment over all business cycles between 1951 and 2011. Chapter II: Asset Exchange with
Search Frictions and Costly Information Acquisition. The second chapter presents a
model to characterize conditions under which centralized and decentralized markets (CM/DM) co-exist for asset trading. The asset payoff and trading motive are the seller's private information. CM is immune to
search frictions, but suffers from adverse selection. In contrast, DM is
subject to
search frictions, but it is sustainable since buyers acquire costly information on the asset payoff, and offer a trading menu different from that posted by uninformed buyers. As
matching efficiency in the DM increases and the information cost decreases, more trade migrates from CM with adverse selection to DM with
search frictions. In the limit, DM with
search frictions converges to CM with complete information. I use the
model to address the heterogeneous welfare effect of a government asset purchase programs like the Troubled Asset Relief Program (TARP). Chapter III: A
Search-Based Theory of The Life-Cycle Pattern of Asset Holding. The third chapter investigates the implications of
search frictions for a household's life cycle pattern of asset trading as well as for its size distribution in the OTC. General types of preferences are considered and the usual
search-theoretic restriction of indivisibility on asset holding is removed. I employ the birth-and-death process to analytically characterize the non-stationary life-cycle pattern of asset holding by each cohort. In the presence of
search frictions in the OTC, our paper predicts that the life cycle of asset holding by each cohort conforms to a geometric distribution while the size distribution of asset holding in each cross-section follows a logarithmic pattern. In the end, our
model yields Gibrat's law for asset trading in the OTC.
Advisors/Committee Members: search?q=%2Bpublisher%3A%22Washington%20University%20in%20St.%20Louis%22%20%2Bcontributor%3A%28%22Stephen%20Williamson%22%29&pagesize-30">Stephen Williamson.
Subjects/Keywords: Financial Markets; Information Frictions; Labor Markets; Liquidity; Misallocation; Search and Matching Frictions
…model with heterogeneous entrepreneurs, credit constraints, and labor-search frictions. I find… …develops a model of TFP with labor search frictions. Our work contributes to
this line of… …sector model with
labor search to characterize conditions under which sector-specific shock… …frictions in the credit market and search frictions in the labor market. Our model
is highly… …up a labor search model with equilibrium
unemployment.
5
In addition to investigating…
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APA (6th Edition):
Dong, F. (2014). Essays on Financial and Labor Markets with Frictions. (Doctoral Dissertation). Washington University in St. Louis. Retrieved from https://openscholarship.wustl.edu/etd/1232
Chicago Manual of Style (16th Edition):
Dong, Feng. “Essays on Financial and Labor Markets with Frictions.” 2014. Doctoral Dissertation, Washington University in St. Louis. Accessed March 01, 2021.
https://openscholarship.wustl.edu/etd/1232.
MLA Handbook (7th Edition):
Dong, Feng. “Essays on Financial and Labor Markets with Frictions.” 2014. Web. 01 Mar 2021.
Vancouver:
Dong F. Essays on Financial and Labor Markets with Frictions. [Internet] [Doctoral dissertation]. Washington University in St. Louis; 2014. [cited 2021 Mar 01].
Available from: https://openscholarship.wustl.edu/etd/1232.
Council of Science Editors:
Dong F. Essays on Financial and Labor Markets with Frictions. [Doctoral Dissertation]. Washington University in St. Louis; 2014. Available from: https://openscholarship.wustl.edu/etd/1232
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