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New Developments in Models of Search in the Labour Market

Mortensen, Dale T; Pissarides, Christopher - C.E.P.R. Discussion Papers - 1999

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage determination are treated as endogenous outcomes of job...

Persistent link: https://www.econbiz.de/10005497772

Does Space Affect Search? A Theory of Local Unemployment

Wasmer, Etienne; Zenou, Yves - C.E.P.R. Discussion Papers - 1999

depends crucially on these urban equilibria since the aggregate information about economic opportunities depends on the shape …

Persistent link: https://www.econbiz.de/10005656179

Labor force participation and pair-wise efficient contracts with search and bargaining

Engelhardt, Bryan; Fuller, David L. - In: Labour Economics 19 (2012) 3, pp. 388-402

A “constant” wage is pair-wise inefficient in a standard search model when workers endogenously separate from employment. We derive a pair-wise efficient employment contract that involves workers paying a hiring fee (or bond) upon the formation of a match. We estimate the constant wage and...

Persistent link: https://www.econbiz.de/10011051712

Matching, Heterogeneity and the Evolution of Income Distribution

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper presents a model in which firms and workers must engage in costly search to find a production partner. In this setting the skill, job and wage distributions and their evolutions are endogenized. The presence of search frictions implies that there are two redistributive forces in the...

Persistent link: https://www.econbiz.de/10005114138

Education, Matching and the Allocative Value of Romance

Booth, Alison L; Coles, Melvyn G - C.E.P.R. Discussion Papers - 2005

decisions of partnered couples. We consider two separate matching paradigms for agents with heterogeneous abilities - one where … generates greater investment efficiency, romantic matching generates greater allocative efficiency, since more high ability … educational investments and labour force participation based on matching regimes. …

Persistent link: https://www.econbiz.de/10005666457

A Matching Model of Crowding-Out and On-the-Job Search (with an Application to Spain)

Dolado, Juan J.; Jansen, Marcel; Jimeno, Juan F - C.E.P.R. Discussion Papers - 2002

This Paper considers a matching model of heterogeneous workers and jobs, which includes on-the-job search. High …

Persistent link: https://www.econbiz.de/10005791697

Trade and Industrial Location with Heterogenous Labour

Amiti, Mary; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002

We show in the framework of a new economic geography model that when labour is heterogenous and productivity depends on the quality of the match between job and worker, trade liberalization may lead to industrial agglomeration and inter-industry trade. The agglomeration force is the improvement...

Persistent link: https://www.econbiz.de/10005791724