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between worker skill and firm productivity is 0.12. The assortative matching has a substantial impact on wage dispersion. We … differ in their permanent skill level and firms differ with respect to productivity. Positive (negative) sorting results if …-employee data. We find evidence of positive assortative matching. In the estimated equilibrium match distribution, the correlation …
Persistent link: https://www.econbiz.de/10012458633
improve an economy's productivity …
Persistent link: https://www.econbiz.de/10012478583
This paper develops the nonparametric identification of models with production complementarities, worker-firm specific disutility of labor and search frictions. Mobility in the model is subject to preference shocks, and we assume that firms can write wage contracts. We develop a constructive...
Persistent link: https://www.econbiz.de/10014635650
This paper consists of three parts. First, we briefly describe some key features of the labor market in Denmark, some … important aspect of the functioning and flexibility of the labor markets in Denmark: the high level of worker mobility. We show …
Persistent link: https://www.econbiz.de/10012465590
of labor demand and supply parameters and estimate them using matched employer-employee data from Denmark. Using our … main sources of wage inequality in Denmark …
Persistent link: https://www.econbiz.de/10014544771
Based on patterns of employment transitions, we identify three different types of workers in the US labor market: α's β's and γ's. Workers of type α make up over half of all workers, are most likely to remain on the same job for more than 2 years and, when they become unemployed, typically...
Persistent link: https://www.econbiz.de/10012510542
Who is harmed by and who benefits from worker reallocation? We investigate the earnings consequences of changing jobs and find a wide dispersion in outcomes. This dispersion is driven not by whether the worker was displaced, but by the duration of joblessness between job spells. Job movers who...
Persistent link: https://www.econbiz.de/10012616634
Persistent link: https://www.econbiz.de/10012477074
We study the paths over time that individuals follow in the labor market, as revealed in the monthly Current Population Survey. Some people face much higher flow values from work than in a non-market activity; if they lose a job, they find another soon. Others have close to equal flow values and...
Persistent link: https://www.econbiz.de/10012479577
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10012462750