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consistent with a view of the labor market in which firms post wages and workers direct their search based on these wages if …
Persistent link: https://www.econbiz.de/10012455765
This paper examines the impact of a set of nonwage job characteristics on the quit decisions of young and middle-aged men. The empirical analysis shows that young men are less likely to quit "physical" jobs or jobs with bad working conditions but are more likely to quit repetitive jobs. Older...
Persistent link: https://www.econbiz.de/10012478583
conform to theory. We survey some literature in this area and suggest areas for further research …
Persistent link: https://www.econbiz.de/10012462675
Consider a labor market in which firms want to insure existing employees against income fluctuations and, simultaneously, want to recruit new employees to fill vacant jobs. Firms can commit to a wage policy, i.e. a policy that specifies the wage paid to their employees as a function of tenure,...
Persistent link: https://www.econbiz.de/10012462670
ones. But market wages must adjust to make the marginal firm indifferent between high and low variance workers. The market …
Persistent link: https://www.econbiz.de/10012473535
We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. We find that adding social insurance may slow transition....
Persistent link: https://www.econbiz.de/10012474540
, father's education, and wages for young men and their siblings from NLSY. We also examine the empirical implications of …
Persistent link: https://www.econbiz.de/10012472533
. Reservation wages are derived from an explicit utility function in which the most critical taste parameter is assumed to vary both … systematically and randomly across individuals. Market wages are derived from a standard wage equation adjusted to the special … market and reservation wages) and the incentives set up by private pension plans are estimated to be major causes of …
Persistent link: https://www.econbiz.de/10012478623
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find...
Persistent link: https://www.econbiz.de/10012463483
Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job …-to-job mobility is more common. A life-cycle theory of job shopping and accumulation of skills on the job highlights that a more fluid … comparable cross-country training data, finding support for the theory …
Persistent link: https://www.econbiz.de/10012814473