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Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...
Persistent link: https://www.econbiz.de/10014249742
Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and analytically studies the implications of biased expectations for wage...
Persistent link: https://www.econbiz.de/10014501268
Persistent link: https://www.econbiz.de/10011451805
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment … Bundesagentur für Arbeit zueinander. All diese Suchkanäle tragen dazu bei, Friktionen am Arbeitsmarkt zu verringern. In diesem …
Persistent link: https://www.econbiz.de/10014438511
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment …
Persistent link: https://www.econbiz.de/10014423755
We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers and in which the hiring process is time-consuming as well as costly. We follow Stole and Zwiebel (1996a,b) and assume that wages are determined by continuous bargaining between...
Persistent link: https://www.econbiz.de/10011674212
This paper analyses the emergence of the informal economy in the environment characterised by non-competitive labour markets with wage bargaining. We develop a simple extension of the standard search model à la Pissarides (2000) with formal and informal sectors to show how a government's...
Persistent link: https://www.econbiz.de/10014064679
This paper develops a labour market matching model with heterogeneous firms, on-thejob search and referrals. Social …
Persistent link: https://www.econbiz.de/10010340568
This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers …
Persistent link: https://www.econbiz.de/10011389072
behind both deunionization and polarization. In a search and matching framework with endogenous occupational and endogenous …
Persistent link: https://www.econbiz.de/10012286315