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In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...
Persistent link: https://www.econbiz.de/10011409750
assume that job seekers direct their search based on the listing age and so equalize the expected benefit of a job … externality decreases with the age of the listing when the match is formed. Relative to the constrained efficient search behavior …, the directed search of job seekers leads them to over-apply to younger listings. We illustrate the model using US labor …
Persistent link: https://www.econbiz.de/10012291017
We extend the Diamond-Mortensen-Pissarides model of equilibrium unemployment to incorporate public-sector employment. We calibrate our model to Colombian data and analyze the effects of public-sector wage and employment policy on the unemployment rate, on the division of employment between the...
Persistent link: https://www.econbiz.de/10011596110
Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...
Persistent link: https://www.econbiz.de/10010339640
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741
that mainly focused on estimating the effects of benefit duration on job search and acceptance strategies of the unemployed …
Persistent link: https://www.econbiz.de/10010202667
Persistent link: https://www.econbiz.de/10011523863
propose a search model with transferable utility in which ex-ante heterogeneous men and women simultaneously search for …
Persistent link: https://www.econbiz.de/10012304704
process and best occupations fitting to them. A search and learning model is provided in order to analyze these effects. In … the model, search outcomes relay information about workers’ job finding abilities and appropriate occupations suited to … them, and workers use this information to infer their types. Our theory explains how search outcomes during unemployment …
Persistent link: https://www.econbiz.de/10012310152
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