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Unemployment and Endogenous Reallocation Over the Business Cycle
Carrillo-Tudela, Carlos - 2020
This paper studies the extent to which the cyclicality of gross and net occupational mobility shapes that of aggregate unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational mobility and unemployment duration over the...
Persistent link: https://www.econbiz.de/10012833736
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Job search, human capital and wage inequality
Carrillo-Tudela, Carlos - 2012
firms differ in their productivities. Wages are dispersed because of search frictions and workers' productivity … worker productivity differentials, frictional wage dispersion and workers' sorting dynamics. I calibrate the model using a … important as workers' productivity differentials. Differences in firms' productivities are also an important source of wage …
Persistent link: https://www.econbiz.de/10010289362
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Worker Beliefs About Outside Options
Jäger, Simon; Roth, Christopher; Roussille, Nina; … - 2022
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers’ beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10013308108
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Mismatch Unemployment in Austria : The Role of Regional Labour Markets for Skills
Böheim, René; Christl, Michael - 2021
During the last decade, the Austrian labour market experienced a substantial outward shift of the Beveridge curve. Using detailed administrative data on vacancies and registered unemployed by region and skill level, we test which factors caused this shift. We find that the Beveridge curve...
Persistent link: https://www.econbiz.de/10013227604
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Skill Mismatch and the Costs of Job Displacement
Neffke, Frank; Nedelkoska, Ljubica; Wiederhold, Simon - 2022
When workers are displaced from their jobs in mass layoffs or firm closures, they experience lasting adverse labor market consequences. We study how these consequences vary with the amount of skill mismatch that workers experience when returning to the labor market. Using novel measures of skill...
Persistent link: https://www.econbiz.de/10013290765
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Wage dispersion and labor turnover with adverse selection
Carrillo-Tudela, Carlos; Kaas, Leo - 2011
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...
Persistent link: https://www.econbiz.de/10010277406
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Search capital
Carrillo-Tudela, Carlos; Smith, Eric - 2012
We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that...
Persistent link: https://www.econbiz.de/10010280970
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Temporary employment, job flows and productivity: A tale of two reforms
Cappellari, Lorenzo; Dell'Aringa, Carlo; Leonardi, Marco - 2011
productivity-enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it induced a … substitution of temporary employees in favour of permanent ones and reduced capital intensity, generating productivity losses. We …
Persistent link: https://www.econbiz.de/10010277389
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Stable Matching on the Job? Theory and Evidence on Internal Talent Markets
Cowgill, Bo; Davis, Jonathan M. V.; Montagnes, B. Pablo; … - 2024
their match. We study two prevalent approaches for matching within organizations: Centralized assignment by firm leaders and …-specific productivity and job satisfaction. We then measure these tradeoffs with data from a large organization's internal talent market …
Persistent link: https://www.econbiz.de/10014574283
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Vacancy referrals, job search, and the duration of unemployment: a randomized experiment
Engström, Per; Hesselius, Patrik; Holmlund, Bertil - 2009
One goal of the public employment service is to facilitate matching between unemployed job seekers and job vacancies …
Persistent link: https://www.econbiz.de/10010264562