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How Much Does Sorting Increase Inequality?

Kremer, Michael - 2021

Social commentators from William Julius Wilson to Charles Murray have argued that increased sorting of people into internally homogeneous" neighborhoods,schools, and marriages is spurring long-run inequality. Cali- bration of a formal model suggests that these fears are misplaced. In order to...

Persistent link: https://www.econbiz.de/10013239355

Bilateral Search as an Explanation for Labor Market Segmentation and Other Anomalies

Lang, Kevin; Dickens, William T. - 2021

Since applying for jobs is costly, workers prefer applying where their employment probability is high and, therefore, to jobs attracting fewer higher quality applicants. Since creating vacancies is expensive, firms create more vacancies when job-seeking is high. Our model captures these ideas...

Persistent link: https://www.econbiz.de/10013240959

Labor Market Segmentation Theory : Reconsidering the Evidence

Dickens, William T.; Lang, Kevin - 2021

We argue that Labor Market Segmentation theory is a good alternative to standard views of the labor market. Since it is … sometimes argued that labor market segmentation theory is untestable, we first consider the uses of theory and the attributes of … a good theory. We then argue that labor market segmentation has these attributes. It is internally consistent and is …

Persistent link: https://www.econbiz.de/10013244084

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard; Aizenman, Joshua - 2022

This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10013308614

Work Incentives and the Demand for Primary and Contingent Labor

Rebitzer, James B.; Taylor, Lowell J. - 2021

This paper presents an incentive-based dual labor market model. Three implications of the model are emphasized. First, in equilibrium, there is an excess supply of workers to primary jobs. Second, when demand is uncertain, firms may choose a mix of primary and contingent workers to perform the...

Persistent link: https://www.econbiz.de/10013310564

On the Timing and Efficiency of Creative Destruction

Caballero, Ricardo J. - 2010

This paper analyzes the timing, pace and efficiency of the on- going job reallocation that results from product and process innovation. There are strong reasons why an efficient economy ought to concentrate both job creation and destruction during cyclical downturns, when the opportunity cost of...

Persistent link: https://www.econbiz.de/10013139984

A Formal Test of Assortative Matching in the Labor Market

Abowd, John M. - 2012

We estimate a structural model of job assignment in the presence of coordination frictions due to Shimer (2005). The coordination friction model places restrictions on the joint distribution of worker and firm effects from a linear decomposition of log labor earnings. These restrictions permit...

Persistent link: https://www.econbiz.de/10013116589

A Theory of Monitoring and Internal Labor Markets

Bose, Gautam - 2011

We analyze a firm's job-assignment and worker-monitoring decisions when workers face occasional crises. Firms prefer to assign good workers to a difficult task and to not employ bad workers. Firms observe failures but only observe successfully resolved crises if they monitor the worker. If...

Persistent link: https://www.econbiz.de/10013118123

Technical Change, Inequality, and the Labor Market

Acemoglu, Daron - 2011

This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an...

Persistent link: https://www.econbiz.de/10013126042

Taxation and Redistribution of Residual Income Inequality

Golosov, Mikhail - 2012

This paper studies the optimal redistribution of income inequality in a model with search and matching frictions in the labor market. We study this problem in the context of a directed search model of the labor market populated by homogeneous workers and heterogeneous firms. The optimal...

Persistent link: https://www.econbiz.de/10013105002

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