This paper applies some of the key insights of dynamic discrete choice models to continuous-time job search models. We propose a novel framework that incorporates preference shocks into search models, resulting in a tight connection between value functions and conditional choice probabilities....

As part of a more general process of employment reallocation from less to more productive employers, jobto- job flows tend to be beneficial for productivity and for workers. Thus, when this rate slows, it is important to understand why. In the US, for example, the job-to-job flow rate is now at...

This paper explores the effects of labour market conditions at graduation on an individual’s work-life over the following decade. Australians graduating into a state and year with a 5 percentage point higher youth unemployment rate can expect to earn roughly 8 per cent less in their first year...

L’articolo affronta il tema dell’inserimento occupazionale dei giovani in possesso di una qualifica professionale. Viene proposto un modello di valutazione della formazione professionale che considera tre prospettive: quella del mercato del lavoro (focalizzata sulla "qualità"...

We construct a multi-sector search and matching model where the unemployed receives idiosyncratic productivity shocks that make working in certain sectors more productive than in the others. Agents must decide which sector to search in and face moving costs when leaving their current sector for...

Based on administrative data from the federal employment services in Germany, this paper applies statistical matching techniques to estimate the stepping-stone function to regular employment of temporary help work for unemployed job seekers. Our results show that workers who enter temporary help...

We use the Socio-Economic Panel to study how the job-shift patterns of West German workers changed between 1984 and 2008, analyzing trends separately by gender, education, labor force experience, firm size, and sector. We document a considerable reduction in the rate of within-firm job changes,...

"Matching individuals to jobs is a fundamental problem in any labour market. This paper focuses on job characteristics, such as wages, job quality, and distance from the current place of residence, and the impact of these characteristics on the willingness of employed and unemployed individuals...

"Life course research accentuates that employment trajectories are governed by individual determinants and endogenous causalities; thus, the start to the employment career enduringly affects workers' future mobility patterns. However, their actions are always embedded within a particular...

This paper incorporates training in the design of unemployment policies. Human capital falls upon displacement and continuously depreciates during unemployment. While training counters the decrease in human capital, it also affects the willingness of the unemployed to search. I characterize the...