In diesem Jahr werden gleich drei Ökonomen für ihre Arbeit im Bereich der Arbeitsmarktforschung mit dem Nobelpreis für Wirtschaftswissenschaften 2010 geehrt: Christopher Pissarides (London School of Economics), Dale Mortensen (Northwestern University in Chicago) und Peter Diamond (Massachusetts Institute of Technology, MIT). Sie teilen sich den Preis der Schwedischen Reichsbank zum Gedenken an Alfred Nobel „for their analysis of markets with search frictions“ (nobelprize.org).
Der zentrale Fokus ihrer Forschung auf dem Gebiet der Arbeitsmarktökonomik liegt in der sogenannten Suchtheorie, einem Modell, dessen Grundannahmen bereits in den 1970iger Jahren entwickelt worden sind. Bis zu diesem Zeitpunkt war die neoklassische Theorie zentrales Paradigma der Arbeitsmarktforschung. Den neoklassischen Annahmen nach kann es keine Arbeitslosigkeit geben, weil auf vollkommenen Märkten (= perfekte Informationen über die Arbeitskräfte, die Löhne und die vorhandenen Stellen) sich Arbeitsnachfrage und Arbeitsangebot stets im Gleichgewicht befinden (= geräumter Markt). Die Suchtheorie geht demgegenüber von unvollkommenen Informationen seitens der Arbeitssuchenden und der Unternehmen aus, wodurch es z. B. trotz wirtschaftlichen Aufschwunges und steigender Arbeitsnachfrage zu Arbeitslosigkeit kommen kann.
Die nachfolgende Literaturübersicht bietet einen ersten Einstieg in die gerade skizzierte Thematik. Einerseits durch aktuelle Artikel zu diesem Bereich und andererseits durch ältere Literatur der neuen Nobelpreisträger auf diesem Gebiet.
Wesentliche Reihe: Discussion paper series Centre for Economic Policy Research
Literaturliste
Island matching / Dale T. Mortensen. A synthesis of the Lucas-Prescott island model and the Mortensen- Pissarides matching model of unemployment is studied. By assumption, all unmatched workers and jobs are randomly assigned to islands at the beginning of each period and the number of matches that form on a particular island is the minimum of the two realizations. When calibrated to the recently observed averages of U.S. unemployment and vacancy rates, the model fits the observed vacancy-unemployment Beveridge relationship very well and implies an implicit log linear relationship between the job finding rate and the vacancy-unemployment relationship with an elasticity near 0.5. The constrained efficient solution to the model is decentralized by a equilibrium outcome in which wages on each island are determined by a modified auction. Although the efficient solution explains only about 25% of the observed volatility in the U.S. vacancy-unemployment ratio, an equilibrium outcome in which wages are determined as the solution to a strategic bargaining game explains almost all of it.
Island matching / Dale T. Mortensen.
(2009) In: Journal of economic theory. – Bd. 144.2009, 6, (Nov.2009) S. 2336-2353.
The unemployment volatility puzzle : is wage stickness the answer? / by Christopher A. Pissarides.
The unemployment volatility puzzle : is wage stickness the answer? / by Christopher A. Pissarides.
(2009) In: Econometrica. – [Wechselnde Verlagsorte]. – Bd. 77.2009, 5, (Sep.2009) S. 1339-1369.
The unemployment volatility puzzle : is wage stickiness the answer? / Christopher A. Pissarides.
The unemployment volatility puzzle : is wage stickiness the answer? / Christopher A. Pissarides.
(Nov. 2007) CEP discussion paper / Centre for Economic Performance ; 839; Online-Ressource, 38 S., Text.
On-the-job search, mismatch and efficiency / Pieter A. Gautier, Coen N. Teulings and Aico van Vuuren.
On-the-job search, mismatch and efficiency / Pieter A. Gautier, Coen N. Teulings and Aico van Vuuren.
(2010) In: The review of economic studies. – Oxford. – Bd. 77.2010, 1, (Jan.2010) S. 245-272.
Structural estimation of search intensity : do non-employed workers search enough? / Pieter A. Gautier; José Luis Moraga-González; Ronald P. Wolthoff. We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out. The wage distribution and job search intensities are simultaneously determined in market equilibrium. We structurally estimate the search cost distribution, the implied matching probabilities, the productivity of a match, and the flow value of non-labor market time; the estimates are then used to derive the socially optimal distribution of job search intensities. From a social point of view, too few workers participate in the labor market while some unemployed search too much. The low participation rate reflects a standard hold-up problem and the excess number of applications result is due to rent seeking behavior. Sizable welfare gains (15% to 20%) can be realized by simultaneously opening more vacancies and increasing participation. A modest binding minimum wage or conditioning UI benefits on applying for at least one job per period, increases welfare. — Job search ; search costs ; labor market frictions ; wage dispersion ; welfare ; structural estimation
Structural estimation of search intensity : do non-employed workers search enough? / Pieter A. Gautier; José Luis Moraga-González; Ronald P. Wolthoff.
(2007) Amsterdam [u.a.]; 58 S.
Structural estimation of search intensity: do non-employed workers search enough? / Pieter A. Gautier; José Luis Moraga-González; Ronald P. Wolthoff.
(Sept. 2007) Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 3045; Online-Ressource, 58 S., Text.
Structural estimation of search intensity : do non-employed workers search enough? / Pieter A. Gautier, José-Luis Moraga-González and Ronald Wolthoff.
(2007) Discussion paper series / Centre for Economic Policy Research ; 6440 : Labour economics; 58 S.
How large are search frictions? / Pieter A. Gautier; Coen N. Teulings.
How large are search frictions? / Pieter A. Gautier; Coen N. Teulings.
(2006) In: Journal of the European Economic Association. – Bd. 4.2006, 6, (Dez.2006) S. 1193-1225.
How large are search frictions? / Pieter A. Gautier and Coen N. Teulings.
(2005) Discussion paper series / Centre for Economic Policy Research ; 5229 : Labour economics; 37 S.
How large are search frictions? / Pieter Gautier and Coen N. Teulings.
(2003) Discussion paper series / Centre for Economic Policy Research ; 3861 : Labour economics; 34 S.
On-the-job search and sorting / Pieter A. Gautier, Coen N. Teulings and Aico van Vuuren. We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best. This is due to a business-stealing externality. Raising workers’ bargaining power resolves this inefficiency. Unemployment benefits are a second best alternative to this policy. We establish simple relations between the losses in production due to search frictions and wage differentials on the one hand and unemployment on the other hand. Both can be used for empirical testing.
On-the-job search and sorting / Pieter A. Gautier, Coen N. Teulings and Aico van Vuuren.
(2006) Discussion paper series / Centre for Economic Policy Research ; 5575 : Labour economics; 41 S.
On-the-job search and sorting / Pieter A. Gautier; Coen N. Teulings; Aico van Vuuren.
(2005) CESifo working paper series ; 1537 : Labour markets; 41 S.
On-the-job search and sorting / Pieter A. Gautier; Coen N. Teulings; Aico van Vuuren.
(July 2005) Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 1687; Online-Ressource, 41 S., Text.
On-the-job search and sorting / Pieter A. Gautier; Coenraad N. Teulings; Aico van Vuuren.
(Sept. 2005) CESifo working paper ; 1537 : Labour markets; Online-Ressource, 41 p. = 553 KB, text.
Ranking, unemployment duration, and wages / Olivier Jean Blanchard and Peter Diamond.
Ranking, unemployment duration, and wages / Olivier Jean Blanchard and Peter Diamond.
(1994) In: The review of economic studies. – Oxford. – Bd. 61.1994, 3, S. 417-434.
Labor market models of worker and firm heterogeneity / Rasmus Lentz and Dale T. Mortensen.
Labor market models of worker and firm heterogeneity / Rasmus Lentz and Dale T. Mortensen.
(2010) In: Annual review of economics. – Palo Alto, Calif.. – Bd. 2.2010, S. 577-602.
Management and employee compensation policy, and matched data on private firms : a no arbitrage asset pricing approach to on-the-job search and the wage distribution / B. J. Christensen ….
(09 Oct. 2001) Working paper series / Centre for Analytical Finance, University of Aarhus, Aarhus School of Business ; 98; Online-Ressource, 27 p., text.
Job reallocation, employment fluctuations and unemployment / Dale T. Mortensen; Christopher A. Pissarides.
Job reallocation, employment fluctuations and unemployment / Dale T. Mortensen; Christopher A. Pissarides.
(1999) In: Handbook of macroeconomics. – Bd. 1B.1999, S. 1171-1228.
Job reallocation, employment fluctuations and unemployment / Dale Mortensen and Christopher Pissarides.
(1999) Discussion paper / Centre for Economic Performance ; 421; 66 S.
New developments in models of search in the labour market / Dale T. Mortensen and Christopher A. Pissarides.
New developments in models of search in the labour market / Dale T. Mortensen and Christopher A. Pissarides.
(1999) Discussion paper series / Centre for Economic Policy Research ; 2053 : Labour economics; 81 S.
The cyclical behavior of job and worker flows / Dale T. Mortensen.
The cyclical behavior of job and worker flows / Dale T. Mortensen.
(1994) In: Journal of economic dynamics & control. – Amsterdam [u.a.]. – Bd. 18.1994, 6, S. 1121-1142.
A new method for estimating time variation in the NAIRU / William T. Dickens.
(2009) In: Understanding inflation and the implications for monetary policy. – 2009, S. 207-230.
The ins and outs of European unemployment / by Barbara Petrongolo and Christopher A. Pissarides. In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European countries, the United Kingdom, France and Spain. We compare performance in these three countries making use of both administrative and labor force survey data. We find that the impact of the 1980s reforms in Britain is evident in the contributions of the inflow and outflow rates. The inflow rate became a bigger contributor after the mid 1980s, although its significance subsided again in the late 1990s and 2000s. In France the dynamics of unemployment are driven virtually entirely by the outflow rate, which is consistent with a regime with strict employment protection legislation. In Spain, however, both rates contribute significantly to the dynamics, very likely as a consequence of the prominence of fixed-term contracts since the late 1980s. — Unemployment dynamics ; job finding rates ; job separation rates
The ins and outs of European unemployment / by Barbara Petrongolo and Christopher A. Pissarides.
(2008) In: The American economic review. – Bd. 98.2008, 2, (Mai.2008) S. 256-262.
The ins and outs of European unemployment / Barbara Petrongolo and Christopher Pissarides.
(2008) Discussion paper series / Centre for Economic Policy Research ; 6681 : Labour economics; 14 S.
The ins and outs of European unemployment / Barbara Petrongolo; Christopher A. Pissarides.
(2008) Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 3315; Online-Ressource (14 S.).
The ins and outs of European unemployment / Barbara Petrongolo and Christopher A. Pissarides.
(Febr. 2008) CEP discussion paper / Centre for Economic Performance ; 853; Online-Ressource, 14 S., Text.
Scale effects in markets with search / Barbara Petrongolo and Christopher Pissarides.
Scale effects in markets with search / Barbara Petrongolo and Christopher Pissarides.
(2006) In: The economic journal. – Bd. 116.2006, (Jan.2006) S. 21-44.
Scale effects in markets with search / Barbara Petrongolo and Christopher A. Pissarides.
(June 2003) Discussion papers / Centre for Economic Performance ; 571; Online-Ressource, 36 p., text.
Scale effects in markets with search / Barbara Petrongolo; Christopher A. Pissarides.
(Jan. 2003) Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 691; Online Ressource, 33 p., text.
Scale effects in markets with search / Barbara Petrongolo and Christopher Pissarides.
(2002) Discussion paper series / Centre for Economic Policy Research ; 3648 : Labour economics; 33 S.
Business cycle dependent unemployment insurance / Torben M. Andersen and Michael Svarer. The consequences of cylical contingencies in unemployment insurance systems are considered in a search-matching model allowing for shifts between goodœ and badœ states of nature. An argument for state contingencies is that insurance arguments are stronger and incentive effects weaker in “bad” than in “good” states of nature. We con.rm this and show that cyclically dependent benefit levels not only provide better insurance but may have structural effects implying that the structural (average) unemployment rate decreases, although the variability of unemployment may increase.
Business cycle dependent unemployment insurance / Torben M. Andersen and Michael Svarer.
(2010) Economics working paper ; 2010,16; Online-Ressource (39 S.).
Business cycle dependent unemployment insurance / Torben M. Andersen and Michael Svarer.
(2009) Discussion paper series / Centre for Economic Policy Research ; 7334 : Labour economics; 46 S.
Business cycle dependent unemployment insurance / by Torben M. Andersen and Michael Svarer.
(2009) Kiel working paper ; 1498; Online-Ressource (PDF-Datei: 39 S.).
The employed, the unemployed, and the unemployable : directed search with worker heterogeneity / Suren Basov, Ian King and Lawrence Uren.
The employed, the unemployed, and the unemployable : directed search with worker heterogeneity / Suren Basov, Ian King and Lawrence Uren.
(2010) Research paper / The University of Melbourne, Department of Economics ; 1094; Online-Ressource (40, 3 S., 487,70 Kb).
An equilibrium theory of learning, search, and wages / by Francisco M. Gonzalez and Shouyong Shi.
An equilibrium theory of learning, search, and wages / by Francisco M. Gonzalez and Shouyong Shi.
(2010) In: Econometrica. – [Wechselnde Verlagsorte]. – Bd. 78.2010, 2, (Mar.2010) S. 509-537.
Search frictions on product and labor markets : money in the matching function / Etienne Lehmann; Bruno Van der Linden. This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market, equilibrium unemployment is a U-shaped function of the ratio of total demand to total supply on this market. When prices are at their Competitive Search Equilibrium values, the unemployment rate is minimized. Yet, the Competitive Search Equilibrium is not efficient. Inflation is detrimental to unemployment.
Search frictions on product and labor markets : money in the matching function / Etienne Lehmann; Bruno Van der Linden.
(2010) In: Macroeconomic dynamics. – Bd. 14.2010, 1, (Feb.2010) S. 56-92.
Search frictions on product and labor markets : money in the matching function / Etienne Lehmann; Bruno Van der Linden.
(Mar. 2007) Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 2718; Online-Ressource, 38 S., Text.
Search frictions on product and labor markets : money in the matching function / E. Lehmann and B. Van der Linden.
(22 Mar. 2007) Discussion paper / UCL, Département des Sciences Economiques ; 2007,13; Online-Ressource, 38 S., Text.
On-the-job search, sticky prices, and persistence / Willem Van Zandweghe.
On-the-job search, sticky prices, and persistence / Willem Van Zandweghe.
(2010) In: Journal of economic dynamics & control. – Bd. 34.2010, 3, (Mar.2010) S. 437-455.
On-the-Job search, sticky prices and persistence / Willem Van Zandweghe.
(2009) Working papers / Federal Research Bank of Kansas City, Economic Research Department ; 09,03; Online-Ressource (40 S.).
Labor market policy evaluation in equilibrium : some lessons of the job search and matching model / Pierre Cahuc; Thomas Le Barbanchon. We analyze the consequences of counseling provided to job seekers in a standard job search and matching model. It turns out that neglecting equilibrium effects induced by counseling can lead to wrong conclusions. In particular, counseling can increase steady state unemployment although counseled job seekers exit unemployment at a higher rate than the non-counseled. Dynamic analysis shows that permanent and transitory policies can have effects of opposite sign on unemployment. — Evaluation ; equilibrium effect ; labor market policy
Labor market policy evaluation in equilibrium : some lessons of the job search and matching model / Pierre Cahuc; Thomas Le Barbanchon.
(2010) In: Labour economics. – Bd. 17.2010, 1, (Jan.2010) S. 196-205.
Labor market policy evaluation in equilibrium : some lessons of the job search and matching model / Pierre Cahuc; Thomas Le Barbanchon.
(2008) IZA discussion papers ; 3687; Online-Ressource (PDF-Datei: 27 S.).
