Employment Fluctuations with Equilibrium Wage Stickiness

By R. Hall. 2005

1,573 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/edf2bdb75e01b30d1f9d165738303081b6f630c3

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Citations in the corpus

The Macrodynamics of Sorting between Workers and Firms (2013, background): “7 is based on Hall (2005). For the meeting function we assume a Cobb-Douglas form”
Fiscal Policy in an Unemployment Crisis (2016, methodology): “Here, the profit margin is around 3.3 percent, which can be compared to 3.4 percent in Hall (2005), 2.25 percent in Hagedorn and Manovskii (2008), 2 percent in Pissarides (2009), and 0.7 percent in Shimer (2005).30 In this dimension the calibration therefore lies on the conservative side.”
The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited (2008, background): “, Shimer (2005), Hall (2005), Farmer (2004), Andolfatto (1996), Merz (1995)).”
The Fundamental Surplus (2017, methodology): “Except for the wage formation process, their environment is the same as that of Hall (2005) but parameterized quite differently.”
More on Unemployment and Vacancy Fluctuations (2007, neutral): “An equilibrium solution to the model is a vector of functions (wp, θp, Up,Wp,Jp, Vp) , all defined on the set of possible values of productivity P, that satisfy equations (1)-(6).”
Potential Unemployment Insurance Duration and Labor Supply: The Individual and Market-Level Response to a Benefit Cut (2016, neutral): “We compare this predicted path to the actual path of the unemployment rate from a differences-in-differences (DiD) estimate of the cut.”
Labor Market Effects of Unemployment Insurance Design (2014, neutral): “Hall (2005) oﬀers an alternative in which real wages are determined by a social norm that does not change over the business cycle.”
Unemployment and Vacancy Fluctuations in the Matching Model: Inspecting the Mechanism (2005, background): “20 Alternatively, we could have followed Hall (2005) and set the monthly worker-finding rate to one so that λf = 3, implying that θ = 1/3.”
Resuscitating the Wage Channel in Models with Unemployment Fluctuations (2008, neutral): “In influential papers, Hall (2005) and Shimer (2004) argue that if Nash-bargaining is efficient, smoother wages expose a firm's profits more to cyclical fluctuations in revenue.”
Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model (2007, neutral): “The usual first- order condition of the agent for supplying labor would be W ft = ∂u/∂l ∂u/∂c = ν ct − Ht A(lt − Ft)1−ν + lt − Ft (12) at the friction-free wage W ft .”
Frictional Wage Dispersion in Search Models: A Quantitative Assessment (2011, neutral): “, academic jobs), it does not appear to be a widespread mechanism for wage setting in the labor market at large.(31) An additional limit of this model is that, for high values of λe, the entry wage w ∗ may be negative.”