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Wage dispersion and wage dynamics within and across firms

Carrillo-Tudela, Carlos; Smith, Eric - 2009

This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option is available, monopsony wages result. With more than one...

Persistent link: https://www.econbiz.de/10010268976

On-the-Job Search in a Matching Model with Heterogenous Jobs and Workers

Dolado, Juan José; Jansen, Marcel; Jimeno, Juan F. - 2003

This paper considers a matching model with heterogenous jobs (unskilled and skilled) and workers (low and high-educated) which allows for on-the-job search by mismatched workers. The latter are high-educated workers who transitorily accept unskilled jobs and continue to search for skilled jobs....

Persistent link: https://www.econbiz.de/10010273737

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …

Persistent link: https://www.econbiz.de/10010278021

Frictions and the joint behavior of hiring and investment

Yashiv, Eran - 2012

The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...

Persistent link: https://www.econbiz.de/10010287683

Unobserved Bilateral Search on the Labor Market: A Theory-Based Correction for a Common Flaw in Empirical Matching Studies

Sunde, Uwe - 2002

This paper develops a model of equilibrium unemployment with (unobservable) endogenous on-the-job search and (partly …

Persistent link: https://www.econbiz.de/10010262710

Wage dispersion and labor turnover with adverse selection

Carrillo-Tudela, Carlos; Kaas, Leo - 2011

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/10010280703

Severance packages

Postel-Vinay, Fabien; Turon, Hélène - 2011

of unemployment. We further find that allowing for on-the-job search markedly changes the quantitative predictions of the … DMP model regarding the impact of firing costs on unemployment and employment flows: ignoring on-the-job search leads one … to strongly underestimate the negative impact of firing costs on unemployment. …

Persistent link: https://www.econbiz.de/10010282341

The intergenerational transmission of employers in Canada and Denmark

Bingley, Paul; Corak, Miles; Westergård-Nielsen, Niels - 2011

The intergenerational transmission of employers between fathers and sons is a common feature of labour markets in Canada and Denmark, with 30 to 40% of young adults having at some point been employed with a firm that also employed their fathers. This is strongly associated with the first jobs...

Persistent link: https://www.econbiz.de/10010278570

Do Workers Really Benefit From Their Social Networks?

Fontaine, François - 2004

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

Persistent link: https://www.econbiz.de/10010262031

Separations, sorting and cyclical unemployment

Mueller, Andreas I. - 2012

This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...

Persistent link: https://www.econbiz.de/10010289903

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