Empirical studies find that the age-variance profile of wages is U-shaped. The objective of this paper is to explore … firm-worker matches. Three factors shape the age-inequality profile of wages in the model economy: the time horizon before … the U-shape of the age-inequality profile of wages if the bargaining power of workers is sufficiently high. Furthermore …

participation and employment). In contrast, there are important effects at the intensive margin: a 10 percentile higher ICT skills … index increases the probability of salaried employment by 6.5 percentage points, and leads to a 9.5 percent higher per … capita expenditure. Employment transitions happen from daily wage employment and self-employment to salaried employment. The …

penalty associated with non-compliance. Workers may enter self-employment or search for jobs as employees. Workers with higher … managerial skills will run larger firms while workers with lower will manage smaller firms and will be in self-employment only … when they cannot find a salary job. For these workers self-employment is a secondary/informal form of employment. The …

We develop a model where workers may enter self-employment or search for jobs as employees and where there is … managerial ability will run smaller firms and will be in self-employment only when they cannot find a salaried job. For these … workers self-employment is a secondary/informal form of employment. The Burdett and Mortensen (1998) equilibrium search model …

We develop a model where workers may enter self-employment or search for jobs as employees and where there is … managerial ability will run smaller firms and will be in self-employment only when they cannot find a salaried job. For these … workers self-employment is a secondary/informal form of employment. The Burdett and Mortensen (1998) equilibrium search model …