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Strategic Wage Setting and Coordination Frictions with Multiple Applications
Gautier, Pieter A.; Moraga-González, José L. - Tinbergen Institute - 2004
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10005209482
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Equilibrium Directed Search with Multiple Applications
Albrecht, James; Gautier, Pieter; Vroman, Susan - Tinbergen Institute - 2003
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10005504927
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Matching with Multiple Applications
Albrecht, James W.; Gautier, Pieter A.; Vroman, Susan B. - Tinbergen Institute - 2001
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.
Persistent link: https://www.econbiz.de/10005042226
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Simultaneous Search with Heterogeneous Firms and Ex Post Competition
Gautier, Pieter A.; Wolthoff, Ronald P. - Tinbergen Institute - 2006
coordination frictions. Specifically, we consider a search model where workers can apply to high and or low productivity firms … to both sectors. For many configurations, the equilibrium outcomes are the same under directed and random search so our … results are not driven by random search. We discuss the effects of increasing the number of applications and show that our …
Persistent link: https://www.econbiz.de/10005042233
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Wages and Employment in a Random Social Network with Arbitrary Degree Distribution
Ioannides, Yannis M.; Soetevent, Adriaan R. - Tinbergen Institute - 2006
Empirical studies of labor markets show that social contacts are an important source of job-related information [Ioannides and Loury (2004)]. At the same time, wage differences among workers may be explained only in part by differences in individual background characteristics. Such findings...
Persistent link: https://www.econbiz.de/10005137278
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Car ownership and the Labor Market of Ethnic Minorities
Gautier, Pieter A.; Zenou, Yves - Tinbergen Institute - 2008
We show how small initial wealth differences between low skilled black and white workers can generate large differences in their labor-market outcomes. This even occurs in the absence of a taste for discrimination against blacks or exogenous differences in the distance to jobs. Because of the...
Persistent link: https://www.econbiz.de/10005137294
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Structural Estimation of Search Intensity: Do Non-Employed Workers Search Enough?
Gautier, Pieter A.; Moraga-González, José Luis; … - Tinbergen Institute - 2007
We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most … of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it … as the number of job applications that workers send out. The wage distribution and job search intensities are …
Persistent link: https://www.econbiz.de/10005144494
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Coordination Frictions and The Financial Crisis
Gautier, Pieter A. - Tinbergen Institute - 2009
In this note I argue that the desirability of fiscal policy in response to the current crisis depends on whether one views the current crisis as a temporary deviation from a unique equilibrium or as a bad equilibrium out of multiple equilibria. The paper presents a simple Diamond (1982) type of...
Persistent link: https://www.econbiz.de/10005209434
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The Relationship between Entrepreneurship and Unemployment in Japan
Stel, André van; Thurik, Roy; Verheul, Ingrid; Baljeu, … - Tinbergen Institute - 2007
This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...
Persistent link: https://www.econbiz.de/10005144558
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Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian L. - Tinbergen Institute - 2011
When workers send applications to vacancies they create a network. Frictions arise because workers typically do not know where other workers apply to and firms do not know which candidates other firms consider. The first coordination friction affects network formation, while the second...
Persistent link: https://www.econbiz.de/10009201125