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A Competitive Model of Worker Replacement and Wage Rigidity
Snell, Andy - 2014
exists an incentive for firms to smooth wages. Real wages respond in a highly non-linear manner to shocks, exhibiting … range of shocks labor hoarding occurs while wages are cut. We argue these features are consistent with recent evidence …
Persistent link: https://www.econbiz.de/10013058504
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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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Wages and Recruitment : Evidence from External Wage Changes
Falch, Torberg - 2013
This paper estimates the causal effect of the wage on the recruitment rate at the establishment level. During the 1990s … schools with severe recruitment problems in the past and located in one specific region. The empirical approach exploits … for teachers. In a difference-in-differences framework, I find that the wage premium increased the recruitment rate by 6 …
Persistent link: https://www.econbiz.de/10013087721
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Signaling to Experts
Kurlat, Pablo D. - 2017
We study competitive equilibrium in a signaling economy with heterogeneously informed buyers. In terms of the classic Spence (1973) model of job market signaling, firms have access to direct but imperfect information about worker types, in addition to observing their education. Firms can be...
Persistent link: https://www.econbiz.de/10012946849
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He's a Chip Off the Old Block - The Persistence of Occupational Choices Across Generations
Knoll, Bodo; Riedel, Nadine; Schlenker, Eva - 2021
The purpose of this paper is to assess intergenerational occupational mobility in Germany. Using data from the Socioeconomic Panel (SOEP), we find a high persistence of occupational choices across fathers and children. To separate effects related to parental advice and influence (nurture) from...
Persistent link: https://www.econbiz.de/10013315709
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Revisiting the Matching Function
Kohlbrecher, Britta - 2016
There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different underlying mechanisms. Obviously, it can be generated by...
Persistent link: https://www.econbiz.de/10012988302
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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 …
Persistent link: https://www.econbiz.de/10013098341
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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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How Do Employers Use Compensation History? : Evidence from a Field Experiment
Barach, Moshe - 2017
% lower past average wages and hired workers with 16% lower past average wages. Conditional upon bargaining, workers hired by …
Persistent link: https://www.econbiz.de/10012950302
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Wages, Human Capital, and Structural Transformation
Herrendorf, Berthold - 2017
Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …
Persistent link: https://www.econbiz.de/10012956718