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firms differ in their productivities. Wages are dispersed because of search frictions and workers' productivity … worker productivity differentials, frictional wage dispersion and workers' sorting dynamics. I calibrate the model using a … important as workers' productivity differentials. Differences in firms' productivities are also an important source of wage …
Persistent link: https://www.econbiz.de/10013098818
How well does a simple search on-the-job model fit the eighteen years of job and wage mobility of high school graduates? To answer this question we are confronted from the data with a prevalent non-compliance and exemptions from the minimum wage. We incorporate this observation in a job search...
Persistent link: https://www.econbiz.de/10012778520
In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy...
Persistent link: https://www.econbiz.de/10013160305
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10013099092
We investigate whether workers reallocate up firm productivity and wage job ladders, and the cyclicality of this … process. We document that productivity is a better measure of the job ladder than the average wage, since high productivity … cycle differs between the firm wage and productivity ladders. In recessions, employment decreases more in low than in high …
Persistent link: https://www.econbiz.de/10014258016
We examine the direct impact of idiosyncratic match quality on entry wages and job mobility using unique data on worker talents matched to job-indicators and individual wages. Tenured workers are clustered in jobs with high job-specific returns to their types of talents. We therefore measure...
Persistent link: https://www.econbiz.de/10013002443
We investigate unemployment due to mismatch in the US over the past three decades. We propose an accounting framework that allows us to estimate the overall amount of mismatch unemployment as well as the contribution of the frictions that caused the mismatch. Mismatch is quantitatively important...
Persistent link: https://www.econbiz.de/10013026442
Positive assortative matching implies that high productivity workers and firms match together. However, there is almost …
Persistent link: https://www.econbiz.de/10013104657
Portuguese firms engage in intense reallocation, most employers simultaneously hire and separate from workers, resulting in a large heterogeneity of flows and excess turnover. Large and older firms have lower flows, but high excess turnover rates. In small firms, hires and separations move...
Persistent link: https://www.econbiz.de/10013153497
This paper documents a number of facts about worker gross flows in the United Kingdom for the period between 1993 and 2010. Using Labour Force Survey data, I examine the size and cyclicality of the flows and transition probabilities between employment, unemployment and inactivity, from several...
Persistent link: https://www.econbiz.de/10013135818