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. Interestingly, we find that the required degree of production complementarity for positive sorting is increasing in the number of …We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with … derive the necessary and sufficient conditions for sorting in applications as well as matches. We show that positive sorting …
Persistent link: https://www.econbiz.de/10012581332
when locations are similar (in which case the aggregate matching function is urn-ball) but that quality weighted trade can …
Persistent link: https://www.econbiz.de/10014486804
How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi …
Persistent link: https://www.econbiz.de/10012156373
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011481312
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …
Persistent link: https://www.econbiz.de/10012026458
business cycle model with search and matching frictions. We extend the canonical model by including capital …-skill complementarity in production, labour markets with skilled and unskilled workers and on-the-job-learning (OJL) within and across skill … types. We first find that, the model does a good job at matching the cyclical properties of sectoral employment and the wage …
Persistent link: https://www.econbiz.de/10010477900
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a...
Persistent link: https://www.econbiz.de/10014444876
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment …
Persistent link: https://www.econbiz.de/10014427918
Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...
Persistent link: https://www.econbiz.de/10014249742
which identical firms post wages and homogeneous workers search for acceptable offers. We allow for matching frictions and …
Persistent link: https://www.econbiz.de/10011398879