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Job Search, Human Capital and Wage Inequality
Carrillo-Tudela, Carlos - 2012
The objective of this paper is to construct and quantitatively assess an equilibrium search model with on-the-job search and general human capital accumulation. In the model workers enter the labor market with different abilities and firms differ in their productivities. Wages are dispersed...
Persistent link: https://www.econbiz.de/10013098341
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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
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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
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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
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Modeling Institutions, Start-Ups and Productivity during Transition
Brixiova, Zuzana - 2010
during transition rises in countries where reforming institutions is particularly costly …The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … Baltic countries, which opted for a fast and profound transformation of their institutions including business climates …
Persistent link: https://www.econbiz.de/10013147452
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The Compositional Effect of Rigorous Teacher Evaluation on Workforce Quality
Cullen, Julie Berry - 2016
Improving public sector workforce quality is challenging in sectors such as education where worker productivity is difficult to assess and manager incentives are muted by political and bureaucratic constraints. In this paper, we study how providing information to principals about teacher...
Persistent link: https://www.econbiz.de/10012977256
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How Job Changes Affect People's Lives - Evidence from Subjective Well-Being Data
Chadi, Adrian - 2016
For representative German panel data, we show that voluntary job switching leads to relatively high levels of life satisfaction, though only for some time, whereas the impact of exogenously triggered job changes is ambiguous. Risk aversion interacts negatively with this effect in life...
Persistent link: https://www.econbiz.de/10012988230
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Trade Adjustment : Worker Level Evidence
Autor, David H. - 2014
We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through 2007 by exploiting industry shocks to import competition stemming from China's spectacular rise as a manufacturing exporter paired with longitudinal data on individual earnings...
Persistent link: https://www.econbiz.de/10013045347
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Labor Reallocation in Response to Trade Reform
Menezes-Filho, Naercio A.; Muendler, Marc-Andreas - 2021
Tracking individual workers across employers and industries after Brazil's trade liberalization in the 1990s shows that foreign import penetration and tariff reductions trigger worker displacements but that neither comparative-advantage industries nor exporters absorb displaced workers for...
Persistent link: https://www.econbiz.de/10013317183
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Dynastic Entrepreneurship, Entry, and Non-Compete Enforcement
Rauch, James E. - 2015
We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs. Without finance constraints, enforcement of non-compete agreements unambiguously improves social welfare outcomes, and even increases the rate of spinoffs from original firms....
Persistent link: https://www.econbiz.de/10013021433