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An Equilibrium Theory of Learning, Search and Wages
Gonzalez, Francisco M. - 2009
We examine the labor market effects of incomplete information about the workers' own job-finding process. Search outcomes convey valuable information, and learning from search generates endogenous heterogeneity in workers' beliefs about their job-finding probability. We characterize this process...
Persistent link: https://www.econbiz.de/10013153145
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On the Number of Employed in the Matching Model
Kitahara, Minoru - 2019
largest one among the matchings in which no agent can be better off by itself. We show that, in the one-to-one matching model …, the number of matches in any stable matching is more than or equal to the smallest integer that is not less than half of … the benchmark number. This result is satisfied even if "stable matching" is replaced by "efficient matching". We extend …
Persistent link: https://www.econbiz.de/10012899286
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Directed search with phantom vacancies
Albrecht, James W.; Decreuse, Bruno; Vroman, Susan B. - 2020
When vacancies are filled, the ads that were posted are often not withdrawn, creating "phantom" vacancies. The existence of phantoms implies that older job listings are less likely to represent true vacancies than are younger ones. We assume that job seekers direct their search based on the...
Persistent link: https://www.econbiz.de/10012291017
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Public-sector employment in an equilibrium search and matching model
Albrecht, James W.; Robayo-Abril, Monica; Vroman, Susan B. - 2017
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
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The interaction of firing costs and on-the-job search : an application of a search theoretic model to the Spanish labour market
Balakrishnan, Ravi - 2001
Persistent link: https://www.econbiz.de/10001565181
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An equilibrium theory of learning, search, and wages
González, Francisco M.; Shi, Shouyong - In: Econometrica : journal of the Econometric Society, an … 78 (2010) 2, pp. 509-537
Persistent link: https://www.econbiz.de/10003989289
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Spatial mismatches and imperfect information in the job search
Banerjee, Abhijit V.; Sequeira, Sandra - 2020
Persistent link: https://www.econbiz.de/10012210420
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Inefficient Unemployment and Bargaining Friction
Yuen, C. Y. Kelvin - 2019
This paper explores the possibility of privately inefficient job separations due to bargaining friction and its implications for the unemployment dynamics. I propose a simple specification of bargaining friction by including bargaining wedges in the standard Nash bargaining model. Such...
Persistent link: https://www.econbiz.de/10012893924
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The Employed, the Unemployed, and the Unemployable : Directed Search with Worker Heterogeneity
Basov, Suren - 2010
We examine the implications of worker heterogeneity on the equilibrium matching process, using a directed search model … expression for the equilibrum matching function. This function has constant returns to scale and two new terms, which are …
Persistent link: https://www.econbiz.de/10013146730
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Learning about job search : a field experiment with job seekers in Germany
Altmann, Steffen; Falk, Armin; Jäger, Simon; … - 2015
We conduct a large-scale field experiment in the German labor market to investigate how information provision affects job seekers' employment prospects and labor market outcomes. Individuals assigned to the treatment group of our experiment received a brochure that informed them about job search...
Persistent link: https://www.econbiz.de/10010518786