Showing 1 - 6 of 6
"Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small amount of frictional wage dispersion, i.e., wage differentials among exante similar workers induced purely by search frictions. We derive this result for a specific measure of...
Persistent link: https://www.econbiz.de/10003375225
"In this technical appendix to Hornstein, Krusell, and Violante (2006) (HKV, 2006, hereafter) we provide a detailed characterization of the search model with (1) wage shocks during employment and (2) on-the-job search outlined in Sections 6 and 7 of that paper, and we derive all of the results...
Persistent link: https://www.econbiz.de/10003375226
Persistent link: https://www.econbiz.de/10003221888
Persistent link: https://www.econbiz.de/10003093805
Persistent link: https://www.econbiz.de/10001717060
Persistent link: https://www.econbiz.de/10001886074