Burdett, Kenneth; Carrillo-Tudela, Carlos; Coles, … - 2015
that firms post wage-tenure contracts as an optimal response to their employees' search behaviour and human capital …' on-the-job search and firms' tenure contracts, although temporary and smaller in size, are long-lasting. It takes workers …In this paper we develop and quantitatively assess a tractable equilibrium search model of the labour market to analyse …