This paper analyzes the career progression of skilled and unskilled workers, with a focus on how careers are affected by economic downturns and whether formal skills, acquired early on, can shield workers from the effect of recessions. Using detailed administrative data for Germany for numerous...

We propose a search-matching model of the marriage market that extends Shimer and Smith (2000) to allow for labor supply. We characterize the steady-state equilibrium when exogenous divorce is the only source of risk. The estimated matching probabilities that can be derived from the steady-state...

Il existe une économie politique du redoublement dont il faut essayer de mettre à jour quelques ressorts : le redoublement est une modalité particulière de la gestion du système éducatif qui présente des coûts et des bénéfices et dont l’efficacité est mise en question depuis de...

La théorie micro-économique entend réduire au maximum le nombre d'hypothèses sur les goûts nécessaire à la construction des modèles de demande. Néanmoins aucun modèle n'atteint jamais la généralité absolue et certaines hypothèses sont même devenues tellement usuelles qu'on ne...

We develop an empirical search-matching model with productivity shocks so as to analyze policy interventions in a labor market with heterogeneous agents. To achieve this we develop an equilibrium model of wage determination and employment, which is consistent with key empirical facts. As such...

We consider an equilibrium search model with on-the-job search where Þrms set wages. If employers are perfectly aware of all workers job opportunities, then when an employee receives an outside job offer, it is optimal for their employer to try to retain them by matching the offer, so long as...

Dans cette étude, nous proposons un modèle de la dynamique salariale adapté à une estimation à partir de panels courts comme l’enquête Emploi. Nous utilisons le modèle pour simuler des trajectoires individuelles de salaires au-delà de la période d’enquête et calculer des revenus...

The aim of this paper is to provide simple nonparametric methods to estimate finitemixture models from data with repeated measurements. Three measurements suffice for the mixture to be fully identified and so our approach can be used even with very short panel data. We provide distribution...

We study linear factor models under the assumptions that factors are mutually independent and independent of errors, and errors can be correlated to some extent. Under factor non-Gaussianity, second to fourth-order moments are shown to yield full identification of the matrix of factor loadings....

We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Monthly wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital...