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Sorting and the Output Loss Due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - 2021
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … 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/10013316070
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Simultaneous Search and Network Efficiency
Gautier, Pieter A. - 2011
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...
Persistent link: https://www.econbiz.de/10013122129
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Collective versus Decentralized Wage Bargaining and the Efficient Allocation of Resources
Cai, Xiaoming - 2015
An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A disadvantage is that it takes more time before an optimal allocation is reached because more productive firms (for a particular worker type) can no longer signal this by posting...
Persistent link: https://www.econbiz.de/10013015079
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Estimating Equilibrium Effects of Job Search Assistance
Gautier, Pieter A. - 2015
Randomized experiments provide policy relevant treatment effects if there are no spillovers between participants and nonparticipants. We show that this assumption is violated for a Danish activation program for unemployed workers. Using a difference-in-difference model we show that the...
Persistent link: https://www.econbiz.de/10013015330
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Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian - CESifo - 2011
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...
Persistent link: https://www.econbiz.de/10009221551
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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - CESifo - 2011
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … 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/10008853848
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The Right Man for the Job
Gautier, Pieter A. - CESifo - 2001
rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …
Persistent link: https://www.econbiz.de/10005765705
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Strategic Wage Setting and Coordination Frictions with Multiple Applications
Gautier, Pieter A.; Moraga-González, José Luis - CESifo - 2004
where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the … equilibrium wage distribution with a higher vacancy-to-unemployment ratio first-order stochastically dominates the wage …
Persistent link: https://www.econbiz.de/10005094458