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2008-03-11Buch DOI: 10.18452/4116
Skill Specific Unemployment with Imperfect Substitution of Skills
dc.contributor.authorXie, Runli
dc.date.accessioned2017-06-15T23:40:19Z
dc.date.available2017-06-15T23:40:19Z
dc.date.created2008-03-19
dc.date.issued2008-03-11
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4768
dc.description.abstractA large body of literature explains the inferior position of unskilled workers by imposing a structural shift in the labor force skill composition. This paper takes a different approach by emphasizing the connection between cyclical variations in skilled and unskilled labor markets. Using a stylized business cycle model with search frictions in the respective sub-markets, I find that imperfect substitution between skilled and unskilled labor creates a channel for the variations in the sub-markets. Together with a general labor augment- ing technology shock, it can generate downward sloping Beveridge curves. Calibrating the model to US data yields higher volatilities in the unskilled labor markets and reproduces stylized business cycle facts.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectbusiness cycleeng
dc.subjectsearch frictionseng
dc.subjectskill specific unemploymenteng
dc.subjectskill substitutabilityeng
dc.subject.ddc330 Wirtschaft
dc.titleSkill Specific Unemployment with Imperfect Substitution of Skills
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10087078
dc.identifier.doihttp://dx.doi.org/10.18452/4116
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages24
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2008
local.edoc.container-issue24
local.edoc.container-year2008
local.edoc.container-erstkatid2195055-6

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