Showing 1 - 10 of 14
The authors examine 39 years of wage data for workers in mobile occupations within a set of employers in three midwestern cities. They study wage changes during years of rising, falling, and steady inflation to identify regularities that could broaden understanding of the inflationary process at...
Persistent link: https://www.econbiz.de/10005428192
This paper constructs a multiple-shock version of the Mortensen-Pissarides labor market search model to investigate the basic model’s well-known tendency to under predict the volatility of key labor market variables. Data on U.S. job finding and job separation probabilities are used to help...
Persistent link: https://www.econbiz.de/10005428277
An analysis of variance in individual production workers' wages within and between establishments, using BLS Industry Wage Surveys to examine establishment-based wage differentials.
Persistent link: https://www.econbiz.de/10005428296
A demonstration that regional differences in the returns to human capital do not necessarily imply structural differences in regional labor markets, but could be reflecting compensation for regional differences in amenities.
Persistent link: https://www.econbiz.de/10005428320
An explanation of the observed relationships between voluntary job turnover and wages over a worker's lifetime, using a model featuring adverse selection.
Persistent link: https://www.econbiz.de/10005428344
An overview of some recent findings about the cyclical behavior of the aggregate labor market and its relation to the overall business cycle, discussing theory and measurement issues such as the role of household production, the impact of differences in cyclical behavior of workers with...
Persistent link: https://www.econbiz.de/10005428380
This paper studies amplification of productivity shocks in labor markets through on-the-job-search. There is incomplete information about the quality of the employee-firm match which provides persistence in employment relationships and the rationale for on-the-job search. Amplification arises...
Persistent link: https://www.econbiz.de/10005428430
This paper extends the Pissarides (2000) model of the labor market to include crime and punishment `a la Becker (1968). All workers, irrespective of their labor force status can commit crimes and the employment contract is determined optimally. The model is used to study, analytically and...
Persistent link: https://www.econbiz.de/10005428431
We construct a multiple shock, discrete time version of the Mortensen-Pissarides labor market search model to investigate the basic model’s well-known tendency to underpredict the volatility of key labor market variables. In addition to the standard labor productivity shock, we introduce...
Persistent link: https://www.econbiz.de/10011133740
This paper develops and estimates a model of occupational choice and learning that allows for correlated learning across occupation specificabilities. In the labor market, workers learn about their potential outcomes in all occupations, not just their current occupation. Based on what they...
Persistent link: https://www.econbiz.de/10011133756