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Sorting and the output loss due to search frictions
Gautier, Pieter A.; Teulings, Coen N. - 2011
max-mean wage differential. The latter measure of wage dispersion is more robust than measures based on the reservation … wage, due to the long left tail of the wage distribution. We estimate this wage differential using data on match quality … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …
Persistent link: https://www.econbiz.de/10010274790
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Search, Screening and Sorting
Cai, Xiaoming; Gautier, Pieter A.; Wolthoff, Ronald P. - 2021
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10012599245