Bunzel, Henning, Christensen, Bent Jesper, Mortensen, Dale T. (Eds.)
2015, Approx. 450 p. 80 illus.
Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.
You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.
After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.
digitally watermarked, no DRM
The eBook version of this title will be available soon
Provides estimates of key economic distributions and flows, and relations among them, using unique
Danish register data on firm accounts, individual employees, and international trade
Demonstrates empirical feasibility of the stochastic search and matching approach to unemployment, productivity and wage distributions, firm size, export markets, and growth
Includes opening chapter by Dale T. Mortensen, who was awarded the Nobel Prize in Economic Sciences in 2010, placing the analysis in perspective and interpreting results
The new macroeconomics is about distributions and flows, rather than points and intersections. Market frictions imply that the search for trading partners is time consuming and costly. Consequently, market participants flow between economic states, and trades occur at dispersed prices. This generates motives for continued search for better market opportunities, and for bargaining between potential trading partners. This volume takes the empirical analysis of markets with frictions to a new level by using unique merged registers from Denmark on firm accounting data, individual employee data, and international trade data to estimate empirically the relevant flow rates, dispersions, and relations among key variables of interest, including productivity, firm size, wages, exports, growth, and unemployment. The results serve to inform researchers and policy makers about the functioning of markets, justify the interpretation of dispersion and flows as equilibrium outcomes, and provide an understanding of cycles, adjustment, and potentials for public policy.
Content Level »Research
Keywords »International trade - Labor markets - Matched employer-employee data - Productivity - Search and matching
Introduction by Dale T. Mortensen.- Danish Matched Employer-Employee Data: Patterns and Puzzles by Jesper Bagger, Henning Bunzel, Bent Jesper Christensen.- Research Issues using Matched Employer-Employee Data by Emmanuele Bobbio, Henning Bunzel.- Stylized Facts in Matched Employer-Employee Data by Emmanuele Bobbio.- Wages and Growth by Kenneth Sørensen, Rune Vejlin.- Analyzing the Ins and Outs of Unemployment Using Spell Data by Jonas Staghøj.- On-the-Job Search, Job Directions and Wage Profiles by Jesper Bagger, Morten Henningsen.- Reallocation of Labor Resources: Evidence from Firm Data by Ija Trapeznikova.- Heterogeneous Firms in International Trade by Niels Pedersen.- Export Market Entry, Exit, and Sales Dynamics by Niels Pedersen.