题目: "Simultaneous Multi-Market Search and Jobless Recovery"
主讲人：何超（中国人民大学汉青经济与金融高级研究院）
时间：2015年4月22日（周三）下午1:30
地点：国际经管学院会议室（诚明楼三层）
主办方：国际经济管理学院


摘要: This paper presents a theoretical model that can generate a slower recovery of the labor market after a temporary financial shock, compared with the standard search and matching model. We assume two labor markets and workers can choose whether to only search in their favorite market or to simultaneously search in the other market. Sending these additional job applications can cause negative externality to workers in the other market, because these applicants sometimes reject offers from there if they receive offers from both markets, which lowers firms' incentive to create vacancies. The strategic complementarity of workers makes possible multiple equilibria. Large enough financial shocks that increase the entry cost of firms, even temporarily, can cause the labor market to permanently switch from the Favorite-Job-Equilibrium to the Any-Job-Equilibrium, where workers search in both markets. Due to the negative externality, the job finding rate can be smaller and then the recovery of the labor market is slower, even though every unemployed worker searches harder. Our theory is also consistent with the shift of the Beveridge Curve.

报告人简介：何超，中国人民大学汉青经济与金融高级研究院助理教授（讲师），教授货币银行学和数理经济学课程。 2006年西南财经大学国际金融学专业本科毕业，2012年获得美国威斯康星大学麦迪逊分校经济学博士学位。主要研究兴趣是宏观、货币、劳动经济学和金融经济学。现在的研究包括通货膨胀如何影响企业家职业选择，房地产泡沫与流动性关系，大学扩招对大学生失业的影响，中小企业贷款难问题，美国后危机时代持续的高失业率。
http://hanqing.ruc.edu.cn/faculty/chaohe.htm