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We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at …
Persistent link: https://www.econbiz.de/10011332815
which identical firms post wages and homogeneous workers search for acceptable offers. We allow for matching frictions and …
Persistent link: https://www.econbiz.de/10011398879
Empirical studies of labor markets show that social contacts are an important source of job-related information [Ioannides and Loury (2004)]. At the same time, wage differences among workers may be explained only in part by differences in individual background characteristics. Such findings...
Persistent link: https://www.econbiz.de/10011348716
Empirical studies of labor markets show that social contacts are an important source of job-related information [Ioannides and Loury (2004)]. At the same time, wage differences among workers may be explained only in part by differences in individual background characteristics. Such findings...
Persistent link: https://www.econbiz.de/10012734601
which identical firms post wages and homogeneous workers search for acceptable offers. We allow for matching frictions and …
Persistent link: https://www.econbiz.de/10013320912
their search toward jobs that value the skill in which they score relatively higher - using measures from administrative …, incentivized task, and survey data - but does not increase total search effort. It also raises earnings and job quality, consistent …
Persistent link: https://www.econbiz.de/10014380450
worker types, both generating assortative matching with a positive but imperfect correlation of worker and firm types. The …
Persistent link: https://www.econbiz.de/10003879343
This paper provides a search theoretic model with endogenous job creation, and homogenous workers and firms. The model … frictions (including bidding and search costs) converge to zero simultaneously. When bidding costs are small and ex …
Persistent link: https://www.econbiz.de/10003435452
Two ubiquitous empirical regularities in pay distributions are that the variance of wages increases with experience, and innovations in wage residuals have a large, unpredictable component. The leading explanations for these patterns are that over time, either firms learn about worker...
Persistent link: https://www.econbiz.de/10008689037
This paper analyzes the role of the period length in a search model of the labor market and argues that it has profound … and wrong conclusions on optimal policy. -- simultaneous search ; on-the-job search ; wage dispersion ; labor market …
Persistent link: https://www.econbiz.de/10009425774