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Search capital
Carrillo-Tudela, Carlos; Smith, Eric - 2012
We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that...
Persistent link: https://www.econbiz.de/10010280970
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Search capital
Carrillo-Tudela, Carlos; Smith, Eric - 2012
We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that...
Persistent link: https://www.econbiz.de/10010282515
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The Beveridge curve and labour market flows - a reinterpretation
Gottfries, Nils; Stadin, Karolina - 2019
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....
Persistent link: https://www.econbiz.de/10012052795
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The retention effect of training: Portability, visibility, and credibility
Dietz, Daniel; Zwick, Thomas - 2016
This paper analyses the effect of training participation on employees' retention in the training company. It for the first time empirically combines the human capital and the monopsony theory by jointly controlling for the portability, visibility, and credibility of training. Based on an...
Persistent link: https://www.econbiz.de/10011427791
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Prices, productivity, and wage bargaining in open economies
Forslund, Anders; Gottfries, Nils; Westermark, Andreas - 2008
According to the standard union bargaining model, unemployment benefits should have big effects on wages, but product market prices and productivity should play no role in the wage bargain. We formulate an alternative strategic bargaining model, where labour and product market conditions...
Persistent link: https://www.econbiz.de/10010322003
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Job search, human capital and wage inequality
Carrillo-Tudela, Carlos - 2012
This paper constructs and quantitatively assesses an equilibrium search model with on-the- job search and general human capital accumulation. In the model workers differ in their innate abilities and firms in their productivities. Wages are dispersed because of search frictions and workers'...
Persistent link: https://www.econbiz.de/10010331222
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Learning through Coworker Referrals
Glitz, Albrecht; Vejlin, Rune Majlund - 2019
In this paper, we study the role of coworker referrals for labor market outcomes. Using comprehensive Danish administrative data covering the period 1980 to 2005, we first document a strong tendency of workers to follow their former coworkers into the same establishments and provide evidence...
Persistent link: https://www.econbiz.de/10012005971
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Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System
Brown, Meta; Setren, Elizabeth; Topa, Giorgio - 2014
hiring process and the relationships among referrals, match quality, wage trajectories and turnover for a single U …
Persistent link: https://www.econbiz.de/10010377288
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Supervision and Effort in an Intertemporal Efficiency Wage Model: The Role of the Solow Condition
Faria, João Ricardo - 1998
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10010443316
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Real and nominal wage adjustment in open economies
Forslund, Anders; Gottfries, Nils; Westermark, Andreas - 2005
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the medium term evolution of real wages and competitiveness? To answer these...
Persistent link: https://www.econbiz.de/10010317904