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Job Search, Human Capital and Wage Inequality

Carrillo-Tudela, Carlos - 2012

differ in their productivities. Wages are dispersed because of search frictions and workers' productivity differentials. The … productivity differentials, frictional wage dispersion and workers' sorting dynamics. I calibrate the model using a sample of young …' productivity differentials. Differences in firms' productivities are also an important source of wage inequality for both skill …

Persistent link: https://www.econbiz.de/10013098341

Search Capital

Carrillo-Tudela, Carlos - 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/10013110106

Wage Dispersion and Labor Turnover with Adverse Selection

Carrillo-Tudela, Carlos; Kaas, Leo - 2021

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/10013315977

Earnings Losses and Labor Mobility Over the Life Cycle

Jung, Philip - 2017

Large and persistent earnings losses following displacement have adverse consequences for the individual worker and the macroeconomy. Leading models cannot explain their size and disagree on their sources. Two mean-reverting forces make earnings losses transitory in these models: search as an...

Persistent link: https://www.econbiz.de/10012951559

Unemployment and Endogenous Reallocation Over the Business Cycle

Carrillo-Tudela, Carlos - 2013

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...

Persistent link: https://www.econbiz.de/10013087720

Estimating Equilibrium Effects of Job Search Assistance

Gautier, Pieter - 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

Returns to On-the-Job Search and the Dispersion of Wages

Gottfries, Axel - 2017

A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last...

Persistent link: https://www.econbiz.de/10012956895

Sorting and the Output Loss Due to Search Frictions

Gautier, Pieter; Teulings, Coen N. - 2021

We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the max-mean wage differential. The latter measure of...

Persistent link: https://www.econbiz.de/10013316070

Do More Effective Teachers Earn More Outside of the Classroom?

Chingos, Matthew M. - 2010

We examine earnings records for 90,000 classroom teachers employed by Florida public schools between the 2001–02 and 2006–07 school years, roughly 20,000 of whom left teaching during that time. Among grade 4–8 teachers leaving for other industries, a 1 standard deviation increase in...

Persistent link: https://www.econbiz.de/10013145393

Outsourcing and Optimal Nonlinear Taxation : A Note

Aronsson, Thomas - 2008

This paper addresses outsourcing in the two-type optimal income tax model. If the government is able to control outsourcing via a direct tax instrument, outsourcing will not affect the marginal income tax structure. In the absence of a direct tax instrument, and under the plausible assumption...

Persistent link: https://www.econbiz.de/10012772230