MARC Record from Library of Congress

LEADER: 02210cam a22003017a 4500
001 2007616270
003 DLC
005 20071122091825.0
007 cr |||||||||||
008 070719s2007 mau sb 000 0 eng
010 $a 2007616270
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aCooper, Russell W.,$d1955-
245 10 $aImplications of search frictions$h[electronic resource] :$bmatching aggregate and establishment-level observations /$cRussell Cooper, John Haltiwanger, Jonathan L. Willis.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2007.
490 1 $aNBER working paper series ;$vworking paper 13115
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 7/19/2007.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the distribution of net employment growth and the comovement of hours and employment growth. A search model with frictions in hiring and firing is used as a framework to understand these observations. Notable features of this search model include non-convex costs of posting vacancies, establishment level profitability shocks and a contracting framework that determines the response of hours and wages to shocks. The search friction creates an endogenous, cyclical adjustment cost. We specify and estimate the parameters of the search model using simulated method of moments to match establishment-level and aggregate observations. The estimated search model is able to capture both the aggregate and establishment-level facts"--National Bureau of Economic Research web site.
700 1 $aHaltiwanger, John.
700 1 $aWillis, Jonathan L.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 13115.
856 40 $uhttp://papers.nber.org/papers/w13115