Firm Dynamics With Frictional Product And Labor Markets

Kaas, Leo; Kimasa, Bihemo Francis

Firm Dynamics With Frictional Product And Labor Markets

Dateien

Kaas_2-qocos4pltvr56.pdfGröße: 609.76 KBDownloads: 106

Datum

2021

Open Access-Veröffentlichung

Open Access Hybrid

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

International Economic Review. Wiley-Blackwell. 2021, 62(3), pp. 1281-1317. ISSN 0020-6598. eISSN 1468-2354. Available under: doi: 10.1111/iere.12510

Zusammenfassung

We analyze the joint dynamics of prices, productivity, and employment across firms, building a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Using panel data on prices and output for German manufacturing firms, the model is calibrated to evaluate the quantitative contributions of productivity and demand for the labor market. Product market frictions decisively dampen the firms' employment adjustments to productivity shocks. We further analyze the impact of aggregate shocks to the first and second moments of productivity and demand and relate them to business‐cycle features in our data.

Fachgebiet (DDC)

330 Wirtschaft

Zitieren

ISO 690

KAAS, Leo, Bihemo Francis KIMASA, 2021. Firm Dynamics With Frictional Product And Labor Markets. In: International Economic Review. Wiley-Blackwell. 2021, 62(3), pp. 1281-1317. ISSN 0020-6598. eISSN 1468-2354. Available under: doi: 10.1111/iere.12510

BibTex

@article{Kaas2021-08Dynam-53444,
  year={2021},
  doi={10.1111/iere.12510},
  title={Firm Dynamics With Frictional Product And Labor Markets},
  number={3},
  volume={62},
  issn={0020-6598},
  journal={International Economic Review},
  pages={1281--1317},
  author={Kaas, Leo and Kimasa, Bihemo Francis}
}

RDF

<rdf:RDF
    xmlns:dcterms="http://purl.org/dc/terms/"
    xmlns:dc="http://purl.org/dc/elements/1.1/"
    xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
    xmlns:bibo="http://purl.org/ontology/bibo/"
    xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
    xmlns:foaf="http://xmlns.com/foaf/0.1/"
    xmlns:void="http://rdfs.org/ns/void#"
    xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > 
  <rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/53444">
    <dcterms:abstract xml:lang="eng">We analyze the joint dynamics of prices, productivity, and employment across firms, building a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Using panel data on prices and output for German manufacturing firms, the model is calibrated to evaluate the quantitative contributions of productivity and demand for the labor market. Product market frictions decisively dampen the firms' employment adjustments to productivity shocks. We further analyze the impact of aggregate shocks to the first and second moments of productivity and demand and relate them to business‐cycle features in our data.</dcterms:abstract>
    <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2021-04-22T10:01:56Z</dc:date>
    <dc:contributor>Kimasa, Bihemo Francis</dc:contributor>
    <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dc:language>eng</dc:language>
    <dc:creator>Kimasa, Bihemo Francis</dc:creator>
    <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2021-04-22T10:01:56Z</dcterms:available>
    <dcterms:issued>2021-08</dcterms:issued>
    <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dc:contributor>Kaas, Leo</dc:contributor>
    <dcterms:title>Firm Dynamics With Frictional Product And Labor Markets</dcterms:title>
    <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
    <dcterms:hasPart rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/53444/1/Kaas_2-qocos4pltvr56.pdf"/>
    <dspace:hasBitstream rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/53444/1/Kaas_2-qocos4pltvr56.pdf"/>
    <bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/53444"/>
    <foaf:homepage rdf:resource="http://localhost:8080/"/>
    <dc:creator>Kaas, Leo</dc:creator>
    <dcterms:rights rdf:resource="http://creativecommons.org/licenses/by/4.0/"/>
    <dc:rights>Attribution 4.0 International</dc:rights>
  </rdf:Description>
</rdf:RDF>

Universitätsbibliographie

Nein

Begutachtet

Ja