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Job ladder and wealth dynamics in general equilibrium
Kaas, Leo; Lalé, Etienne; Siassi, Nawid - 2023
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a...
Persistent link: https://www.econbiz.de/10014443590
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Job ladder and wealth dynamics in general equilibrium
Kaas, Leo; Lalé, Etienne; Siassi, Nawid - 2023
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a...
Persistent link: https://www.econbiz.de/10014443876
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Job ladder and wealth dynamics in general equilibrium
Kaas, Leo; Lalé, Etienne; Siassi, Nawid - 2023
This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring sequential wage bargaining, endogenous search effort of employed and non-employed workers, and differences in match quality. The calibrated model offers a...
Persistent link: https://www.econbiz.de/10014444876
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Labor market dynamics with sorting
Schulz, Bastian - 2023
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741
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Wage dispersion and wage dynamics within and across firms
Carrillo-Tudela, Carlos; Smith, Eric - 2009
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option …
Persistent link: https://www.econbiz.de/10010268976
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Wage rigidity and labor market dynamics with sorting
Schulz, Bastian - 2015
-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties … market. Additionally, endogenous matching sets fluctuate in response to shocks and amplify job-creation. Using a standard …, the firms' matching sets are wider in equilibrium than the workers' matching sets and fluctuate more in response to shocks. …
Persistent link: https://www.econbiz.de/10011280707
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The macro-dynamics of sorting between workers and firms
Lise, Jeremy; Robin, Jean-Marc - 2013
We develop an equilibrium model of on-the-job search with ex-ante heterogeneous workers and firms, aggregate uncertainty and vacancy creation. The model produces rich dynamics in which the distributions of unemployed workers, vacancies and worker-firm matches evolve stochastically over time. We...
Persistent link: https://www.econbiz.de/10009785890
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Endogenous separations, wage rigidities and employment volatility
Carlsson, Mikael; Westermark, Andreas - 2016
We show that in micro data, as well as in a search and matching model with endogenous separations and rigid wages …
Persistent link: https://www.econbiz.de/10011526914
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Endogenous separations, wage rigidities and employment volatility
Carlsson, Mikael; Westermark, Andreas - 2016
We show that in micro data, as well as in a search and matching model with endogenous separations and rigid wages …
Persistent link: https://www.econbiz.de/10011518661
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Job placement agencies in an artificial labor market
Wozniak, Marcin - 2016
In this paper, an agent-based search and matching (ABSAM) model of a local labor market with heterogeneous agents and …
Persistent link: https://www.econbiz.de/10011557520