Efficiency and labor market dynamics in a model of labor selection

We characterize efficient allocations and business cycle fluctuations in a labor selection model. Due to forward-looking hiring and labor supply decisions, efficiency entails both static and intertemporal margins. We develop welfare-relevant measures of marginal rates of transformation and efficienc...

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Bibliographic details
Main Author: Chugh, Sanjay K
Merkl, Christian
Format: Paper
Language: English
Place of publication: Kiel Kiel Inst. for the World Economy 2011
Data of publication: 2011
Series: Kiel working paper
Online Access: available in Bonn?
Database: ECONIS
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