Title:Labor Adjustment: Disentangling Firing and Mobility Costs
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies the costs of adjusting employment, distinguishing between firms’
firing and workers’ mobility costs. We construct a simple dynamic general equilibrium
model of labor demand and supply and show that ...
Title:Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States
Author(s):RAVN, Morten O.; SIMONELLI, SaverioDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We use a 12-dimensional VAR to examine the dynamic effects on the labor market of four struc-
tural technology and policy shocks. For each shock, we examine the dynamic effects on the labor
market, the importance of the ...
Title:Labor Turnover before Plant Closure: ‘Leaving the sinking ship’ vs. ‘Captain throwing ballast overboard’
Author(s):SCHWERDT, GuidoDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Involuntary job loss in administrative data is commonly identified
by focusing on mass-layoffs or plant closures. However, such events
usually do not happen without prior knowledge, which potentially
leads to selection ...
Title:Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks
Author(s):FACCINI, Renato; ORTIGUEIRA, SalvadorDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper we assess the contribution of these shocks to the volatility of labor market variables, ...
Title:Leading Indicators for Euro Area Inflation and GDP Growth
Author(s):BANERJEE, Anindya; MARCELLINO, Massimiliano; MASTEN, IgorDate:2003Type of Publication:Working PaperSeries/Report no.:CEPR discussion paperAbstract:In this Paper we evaluate the role of a set of variables as leading indicators for Euro-area inflation and GDP growth. Our evaluation is based on using the variables in the ECB euro area model database, plus a set of similar ...
Title:Learning Strict Nash Equilibria through Reinforcement
Author(s):IANNI, AntonellaDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract: This paper studies the analytical properties of the reinforcement learning model proposed in Erev and Roth (1998), also termed cumulative reinforcement learning in Laslier et al. (2001). The stochastic model of ...
Title:Learning to Drink Beer by Mistake
Author(s):DI GIOACCHINO, DeboraDate:1994Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Learning within a Markovian Environment
Author(s):RIVAS, JavierDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We investigate learning in a setting where each period a population has to choose
between two actions and the payoff each action is unknown by the players. The population
learns according to reinforcement and the environment ...