voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2011-1-65-88voprecotest-1239Research ArticleВОПРОСЫ ТЕОРИИISSUES OF THEORYМожет ли жесткость заработных плат объяснить волатильность безработицы?The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?ПиссаридесК.PissaridesCh.

профессор, лауреат Нобелевской премии в области экономики

Лондонская школа экономикиВеликобританияLondon School of EconomicsUnited Kingdom201120012011016588Copyright © Voprosy Ekonomiki, NP, 20112011Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/1239

В статье рассматривается неспособность классических моделей поиска и подбора объяснить циклическую волатильность доли принятых на работу безработных. Автор - лауреат Нобелевской премии в области экономики 2010 г. - показывает, что процесс создания рабочих мест в модели зависит от заработных плат, о которых договорятся стороны в новых сделках и которые зафиксированы в новых трудовых контрактах. На основе микроэконометрических данных сделан вывод, что зарплаты в новых сделках волатильны и ведут себя в соответствии с предсказаниями модели. Поэтому объяснение волатильности безработицы должно включать циклическую волатильность зарплаты. Также обсуждается модификация модели, связанная с фиксированными издержками подбора, которые могут повысить циклическую безработицу и совместимы с гибкостью зарплаты в новых сделках.

The author discusses the failure of the canonical search and matching model to explain the cyclical volatility in the job finding rate. The author - the Nobel Prize winner in economics in 2010 - shows that job creation in the model is influenced by wages in new matches. He summarizes microeconometric evidence and finds that wages in new matches are volatile and consistent with the models key predictions. Therefore, explanations of the unemployment volatility puzzle have to preserve the cyclical volatility of wages. The author discusses a modification of the model, based on fixed matching costs, that can increase cyclical unemployment volatility and is consistent with wage flexibility in new matches.

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The authors declare that there are no conflicts of interest present.