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New Developments in Models of Search in the Labour Market

Mortensen, Dale T; Pissarides, Christopher - C.E.P.R. Discussion Papers - 1999

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage determination are treated as endogenous outcomes of job...

Persistent link: https://www.econbiz.de/10005497772

Efficient Competition through Cheap Talk: Competing Auctions and Competitive Search without Ex Ante Price Commitment

Kim, Kyungmin; Kircher, Philipp - C.E.P.R. Discussion Papers - 2013

competing auctions and competitive search continue to hold unaltered even without ex ante price commitment. …

Persistent link: https://www.econbiz.de/10011083306

Efficient Cheap Talk in Directed Search: On the Non-essentiality of Commitment in Market Games

Kim, Kyungmin; Kircher, Philipp - C.E.P.R. Discussion Papers - 2012

Directed search models are market games in which each firm announces a wage commitment to attract a worker … commitments to fill their vacancies faster, which yields constrained efficient outcomes. We show that commitment is not essential … subsequent wage-formation stage. The insights from existing commitment models extend unchanged to such a cheap-talk environment …

Persistent link: https://www.econbiz.de/10011083578

Simultaneous Search with Heterogeneous Firms and Ex Post Competition

Gautier, Pieter A; Wolthoff, Ronald - C.E.P.R. Discussion Papers - 2007

We study a search model where workers can apply to high and or low productivity firms. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that if workers apply to two jobs, there is a unique symmetric equilibrium where workers mix between...

Persistent link: https://www.econbiz.de/10005504344

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel; Impullitti, Giammario; Prat, Julien - C.E.P.R. Discussion Papers - 2014

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10011083807

Doux Commerces: Does Market Competition Cause Trust?

Francois, Patrick; van Ypersele, Tanguy - C.E.P.R. Discussion Papers - 2009

This paper documents a strong positive relationship between individual reported trust levels (obtained from the US General Social Survey) and the competitiveness of the sector in which an individual works (obtained from the US census of firms). This correlation is robust to the inclusion of all...

Persistent link: https://www.econbiz.de/10004973968

Employment Laws in Developing Countries

Djankov, Simeon; Ramalho, Rita - C.E.P.R. Discussion Papers - 2008

We survey the research on the effect of employment laws in developing countries, using papers published since 2004. The survey is further supported by cross-country correlation analyses. Both exercises show that developing countries with rigid employment laws tend to have larger informal sectors...

Persistent link: https://www.econbiz.de/10005792340

Efficient Wage Dispersion

Acemoglu, Daron; Shimer, Robert - C.E.P.R. Discussion Papers - 1997

In market economies identical workers appear to receive very different wages, violating the ‘law of one price’ of Walrasian markets. It is argued in this paper that in the absence of a Walrasian auctioneer to coordinate trade: (i) wage dispersion among identical workers is very often an...

Persistent link: https://www.econbiz.de/10005124074

Directed Search in the Housing Market

Albrecht, James; Gautier, Pieter A; Vroman, Susan - C.E.P.R. Discussion Papers - 2010

to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …

Persistent link: https://www.econbiz.de/10008468683

Do You Need a Job to Find a Job?

Cobb-Clark, Deborah; Frijters, Paul; Kalb, Guyonne - Research School of Economics, College of Business and … - 2005

This paper investigates whether job offers arrive more frequently for those in employment than for those in unemployment. To this end, we take advantage of a unique Australian data set which contains information on both accepted and rejected job offers. Our estimation strategy takes account of...

Persistent link: https://www.econbiz.de/10004971407

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