The labor wedge as a matching friction

The labor wedge accounts for a large fraction of business cycle fluctuations. This paper uses a search and matching model to decompose the labor wedge into three classes of labor market frictions and evaluate their role. We find that frictions to job destruction and bargaining commonly considered in the search literature are not helpful in explaining the labor wedge. We also identify an asymmetric effect of separation, bargaining and matching frictions on unemployment, as well as a potential solution to Shimer's puzzle.Business cycles - Econometric models ; Labor supply ; Unemployment ; Labor turnover

Labor matching: putting the pieces together

The original Mortensen-Pissarides model possesses two elements that are absent from the commonly used simplified version: the job destruction margin and training costs. I find that these two elements enable a model driven by a single aggregate shock to simultaneously explain most movements involving unemployment, vacancies, job destruction, job creation, the job finding rate and wages. The job destruction margin's role in propagating aggregate shocks is to create an additional pool of unemployed at the onset of a recession. The role of training costs is to explain the simultaneous decline in vacancies and slow response of job creation.Unemployment ; Job creation ; Employment ; Business cycles

X-radiation of the moon and Roentgen cosmic background according to data of AMS ''Luna-12''

Satellite measurements of lunar soft X radiation, and Roentgen cosmic backgroun

Image and Spectrum of the Sun in the Region 9.5-200 Angstrom

Short wave ultraviolet image and spectrum of sun obtained during course of X-ray flar

Educational Robotics as a Factor in the Development of Network Interaction in the System of Engineering Training

Introduction. Educational robotics is a new learning technology and an effective tool for training engineering staff. Networking of educational organizations and enterprises expands their potential in the system of level engineering training. The main idea of the article is to create and test a local model of an effective networked educational system in the context of federal and regional concepts and programs that would meet the development trends of modern society and at the same time would allow the preparation of schoolchildren for real participation in practical activities. Materials and Methods. We conducted a theoretical analysis of foreign and domestic literature. The method of scientific modeling, namely, the creation of a graphic hierarchical model was applied to develop an integrated system of engineering education for schoolchildren. When organizing the practical use of the model, pedagogical design, comparative analysis of verification works, sociological tools and criterial formative evaluation are used. Results. Authors made an attempt of systematization of subjects and forms of lifelong engineering education at the stages from preschool to higher, based on research conducted over six years. It is defined that the subject of inter-agency coordination network between participants of educational organizations. A tool to ensure continuity in the transition to a new level of education, and the implementation of interdisciplinary component pre-engineering education are interdisciplinary programs, in particular, robotics. Implementation of programs on robotics is carried out through curricular and extracurricular activities, additional education program, vacation employment and other forms of work, provided resources as the base of the organization and network partners. The author’s summer program of the camp “Technosphere” was developed and approved with the day-time stay of children during the vacation period. The model of the Integrated System of Level Engineering Engineering for Schoolchildren was developed and introduced into the city’s education system. Discussion and Conclusions.The system of level engineering training, which combines the levels of education, additional educational programs and the potential of network interaction, allows to optimize all directions and forms of organization of the educational process. As a result of the study, a model of an integrated system of level engineering training at the stage of pre-school and primary general education was developed

The Political Development Cycle: The Right and the Left in People's Republic of China from 1953

We quantify the effects of the political development cycle—the fluctuations between the Left (Maoist) and the Right (pragmatist) development policies—on growth and structural transformation of China in 1953–1978. The left policies prioritized structural transformation toward nonagricultural production and consumption at the expense of agricultural development. The right policies prioritized agricultural consumption through slower structural transformation. The imperfect implementation of these policies led to large welfare costs of the political development cycle in a distorted economy undergoing a structural change