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| Dennis Wesselbaum |
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| ''Good vs. bad jobs over the business cycle'' |
| ( 2025, Vol. 45 No.1 ) |
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| This paper estimates a search and matching model of the U.S. labor market with on-the-job search. Using Bayesian methods we find that the model generates different dynamics compared to the standard search and matching model. Furthermore, our parameter estimates vary sizably across good and bad jobs. Job-specific shocks have different effects and create interesting spillover effects. We find that shocks to good jobs matter more than shocks to bad jobs. |
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| Keywords: Job flows, on-the-job search, search and matching. |
JEL: E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
J6 - Mobility, Unemployment, and Vacancies: General |
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| Manuscript Received : Apr 04 2023 | | Manuscript Accepted : Mar 30 2025 |
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