TY  - RPRT
        AU  - Gartner, Hermann
AU  - Merkl, Christian
AU  - Rothe, Thomas
        TI  - They Are Even Larger! More (on) Puzzling Labor Market Volatilities
        PY  - 2009/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4403
        UR  - https://www.iza.org/index.php/publications/dp4403
        AB  - This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and simulate a simple dynamic labor market model with heterogeneous worker productivity. This model is able to explain the higher German labor market volatilities by a longer expected job duration.
        KW  - job-finding rate
KW  - labor market volatilities
KW  - unemployment
KW  - worker flows
KW  - vacancies
KW  - market tightness
        ER  -