Macro / Labor Seminar
FAU/IAB-Seminar Macroeconomics and Labor Markets
The Chairs of Macroeconomics (Christian Merkl) and Global Governance and International Trade (Christoph Moser) at FAU and the Macroeconomic domain at IAB co-organize a joint seminar series at the intersection of macroeconomics, trade and labor economics.
The next seminar will be held via Zoom on Tuesday, November 22, 2 to 3.30 pm (German time).
Christopher Huckfeldt (Federal Reserve Board) will talk about “The Marginal Efficiency of Active Search”.
Abstract:
During recessions, a larger fraction of non-employed workers actively search for a job. Simultaneously, the premium in the job-finding probability for active relative to passive search declines. I document this novel finding and show that it is symptomatic of a “crowding-out” of active search that is not accommodated under the standard approach of the literature. I estimate a declining marginal efficiency of active search, and I show that, during a recession, active search plays a less important role for finding a job. The findings emphasize the importance of the participation margin in understanding unemployment dynamics and the role of policy.
Please find the preliminary schedule here. Zoom login information will be distributed by e‐mail.
We also encourage you to present your own research and to forward this message to other researchers who might be interested in the seminar series.
Previous Research Seminars