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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Institute - 2011
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion for the US is consistent with an unemployment rate of 4 …
Persistent link: https://www.econbiz.de/10008838544
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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Instituut - 2011
. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011257030
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Collective versus Decentralized Wage Bargaining and the Efficient Allocation of Resources
Cai, Xiaoming; Gautier, Pieter A.; Watanabe, Makoto - Tinbergen Instituut - 2012
An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A disadvantage is that it takes more time before an optimal allocation is reached because more productive firms (for a particular worker type) can no longer signal this by posting...
Persistent link: https://www.econbiz.de/10011257565