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Agent Heterogeneity and Learning: An Application to Labor Markets

Woodcock, Simon D. - Econometric Society - 2004

I develop a matching model with heterogeneous workers, firms, and worker-firm matches, and apply it to longitudinal … truncated. I test predictions from the matching model using data from the Longitudinal Employer-Household Dynamics (LEHD … structures, including the martingale hypothesis implied by the learning process. I find considerable support for the matching …

Persistent link: https://www.econbiz.de/10005328946

The thick market effect of local unemployment rate fluctuation

Zhang, Qinghua; Gan, Li - Econometric Society - 2004

are available, the matching probability between jobs and workers is higher. Workers incur search cost if they actively … search for for jobs. A higher matching probability makes searching for jobs more desirable. Unemployed workers accumulate in …

Persistent link: https://www.econbiz.de/10005328991

Career Progression and Formal versus on the Job Training

Adda; Dustmann - Econometric Society - 2004

This paper evaluates the return to formal education over the life-cycle and compare it to informal, on the job training. More specifically, we assess the apprenticeship system in Germany by comparing the long run value of education choices and subsequent labor market outcomes for apprentices and...

Persistent link: https://www.econbiz.de/10005328934

Firm Location and the Creation and Utilization of Human Capital

Almazan, Andres; Motta, Adolfo De - Econometric Society - 2004

This paper presents a theory of location choice that draws on insights from the incomplete contracts and investment flexibility (real option) literatures. We provide conditions under which human capital is more efficiently created and better utilized within industrial clusters that contain...

Persistent link: https://www.econbiz.de/10005328936

The Effects of Wealth, and Unemployment Benefits on Search Behavior and Labor Market Transitions

Gladden, Tricia; Alexopoulos, Michelle - Econometric Society - 2004

During the past decade, many researchers have examined the theoretical predictions of labor search models with endogenous job search intensity. For a risk adverse individual, search intensity depends on variables such as individual wealth and the level of unemployment benefits. Since wealth and...

Persistent link: https://www.econbiz.de/10005342257

Promotions, State Dependence and Intrafirm Job Mobility: Evidence From Personnel Records

Acosta, Pablo - Econometric Society - 2004

The objective of this paper is to add evidence of job mobility within a firm using personnel records from a single large U.S. corporation, focusing on the determinants of the hazard rates of being promoted to a higher hierarchy level. How to successfully control for unobserved heterogeneity is...

Persistent link: https://www.econbiz.de/10005130187

The Impact of Trade Liberalization on Employment, Capital and Productivity Dynamics:

Gandelman, Néstor; Casacuberta, Carlos; Fachola, Gabriela - Econometric Society - 2004

This paper studies the impact of trade liberalization on labor and capital gross flows and productivity in the Uruguayan Manufacturing Sector. Uruguay opened its economy in the presence of strong â€“at least initially- unions and structural different industry concentration levels. Higher...

Persistent link: https://www.econbiz.de/10005170257

The Harris-Todaro Labor Allocation Mechanism as an Evolutionary Game

Silveira, Jaylson Jair da; Sanson, Joao Rogerio - Econometric Society - 2004

The Harris-Todaro model is reinterpreted under an evolutionary game approach, including the behavior of migrants under bounded rationality in a process of imitation or learning. A first feature is an improvement upon Harris-Todaro by replacing the sign-preserving function of the adjustment...

Persistent link: https://www.econbiz.de/10005699584

Counteroffers: When Will They Occur?

Barron, John; Berger, Mark - Econometric Society - 2004

In employment agreements, alternatives arise over time for either party that threaten the survival of the particular match between the worker and the firm. This paper focuses on one side of this issue, namely the optimal response by an employer to a threatened unilateral termination of an...

Persistent link: https://www.econbiz.de/10005699683

Joint estimation of sequential labor force participation and fertility decisions using Markov chain Monte Carlo techniques

Buddelmeyer, Hielke; Troske, Kenneth - Econometric Society - 2004

Three basic mechanisms are behind the statistical relationship between fertility decisions and labor force participation decisions. 1) Causal direct effect: the time spent in child-care reduces the labor market effort leading to a temporary drop in post-birth labor force participation. 2) Causal...

Persistent link: https://www.econbiz.de/10005328989