-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Reduced search costs can, under … relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure … fairly general conditions, lower the value of deterring search and the use of DB pensions. …

In this paper I explore optimal employment contract design in a random search framework, where workers search on and … determines the frequency by which employment opportunities arrive through a costly choice of search intensity, which is … in Burdett and Coles (2003) and Burdett and Coles (2010), optimal tenure conditional contracts are shown to be back …

shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for …

forgoing the expected benefits of being search active and engaging in costly labor market search. The model induces a symmetry … in firms%u2019 and workers%u2019 search decision since both sides of the labor market vary search effort at the extensive … from allowing for the extensive search margin. …

Many theoretical models of labor market search imply a tight link between worker flows (hires and separations) and job …

assignment of the right workers to the right firms is time consuming because of search and learning frictions. The rate at which … workers move between unemployment, employment and across different firms is endogenous because search is directed and, hence …