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This paper assesses wage setting and wage dynamics in a search and matching framework where (i) workers and firms on …
Persistent link: https://www.econbiz.de/10014434270
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10010276187
wage loss. Collectively, the sorting and matching channels explain almost all of the Hartz reforms' effect on post …
Persistent link: https://www.econbiz.de/10012228177
the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment … substantial decline in both unemployment and wages. Financial constraints therefore weaken the direct link between wage rigidity … and unemployment volatility. …
Persistent link: https://www.econbiz.de/10012389827
frictional labor market with equilibrium unemployment due to costly matching, we demonstrate that under these same conditions …
Persistent link: https://www.econbiz.de/10012034615
In a search and matching environment, this paper assesses a range of modeling setups against macro evidence for the …
Persistent link: https://www.econbiz.de/10014204635
fixed effects regression models and propensity score matching techniques in order to establish the causal effect of …
Persistent link: https://www.econbiz.de/10011737197
unemployment spells, hours worked and monthly earnings. We also analyze whether displaced workers are more likely to be in informal … costs as additional outcomes. Displaced migrant workers do not encounter losses in terms of longer unemployment spells or …
Persistent link: https://www.econbiz.de/10011730942
This paper studies the role of worker learning in a labor market where workers have incomplete information about the quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job experience. Allowing workers to learn from...
Persistent link: https://www.econbiz.de/10011798979
We analyze the effects of adverse selection on worker turnover and wage dynamics in a frictional labor market. We consider a model of on-the-job search where firms offer promotion wage contracts to workers of different abilities, which is unknown to firms at the hiring stage. With sufficiently...
Persistent link: https://www.econbiz.de/10011346594