Showing 1 - 10 of 252
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 labour market with different abilities and firms differ in their productivities. Wages are dispersed...
Persistent link: https://www.econbiz.de/10010290001
The relationship between unemployment benefit duration, unemployment duration and subsequent job duration is investigated using a multi-state duration model with state specific unobserved heterogeneity. I allow maximum benefit duration to be correlated with unemployment duration as well as...
Persistent link: https://www.econbiz.de/10010262341
criteria can ration visas on one or more characteristics that enhance labor market earnings (e.g., education), or on …
Persistent link: https://www.econbiz.de/10010262350
Over the last 15 years, the Netherlands has experienced a tremendous jobs boom, mainly in services and female employment. This has often been related to changes in the Dutch institutional environment. Using a model which allows for direct utility of work, we find that institutional arrangements...
Persistent link: https://www.econbiz.de/10010262608
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277960
We consider the early labour market experience of young persons. Using a large data sample of Norwegian individuals finishing education in 1989-91, we analyse the transition from school to work and the duration of the first job. We allow the search duration, the accepted wage, and the job...
Persistent link: https://www.econbiz.de/10010276029
country. We also consider the earnings implications of these immigrant networks for recent arrivals. The empirical evidence … positive effect on their hourly wage and their level of weekly earnings. …
Persistent link: https://www.econbiz.de/10010268554
This paper presents a new model of endogenous wage and capital dispersion where heterogeneity is driven by entrepreneurial incentives to pay higher wages in order to attract and retain workers. The main contribution of this model is to provide a framework with microeconomic foundations that give...
Persistent link: https://www.econbiz.de/10010262443
Many contributions suggest that earnings instability has increased during the 1980s and 1990s. This paper develops and … explaining earnings instability. To study the evolution over time of these different components we extract two estimation samples … contribute to the increase in earnings instability even if it is only their joint effect that generates what we observe in the …
Persistent link: https://www.econbiz.de/10010268696
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