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This paper presents a model in which mismatch employment arises in a constrained efficient equilibrium. In the decentralized economy, however, mismatch gives rise to a congestion externality whereby heterogeneous job seekers fail to internalize how their individual actions affect the labor...
Persistent link: https://www.econbiz.de/10011932219
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase ….S. labor market data and produces realistic degrees of wage dispersion and labor market sorting. …
Persistent link: https://www.econbiz.de/10014366741
estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual …
Persistent link: https://www.econbiz.de/10012022569
estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual …
Persistent link: https://www.econbiz.de/10011869894
estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual …
Persistent link: https://www.econbiz.de/10011872260
We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search-and-matching …
Persistent link: https://www.econbiz.de/10013414223
Immigrant supply shocks are typically expected to reduce the wage of comparable workers. Natives may respond to the lower wage by moving to markets that were not directly targeted by immigrants and where presumably the wage did not drop. This paper argues that the wage change observed in the...
Persistent link: https://www.econbiz.de/10012501434
to sector-specific wages and worker sorting across the two sectors. Individuals with lower assets tend to accept lower …
Persistent link: https://www.econbiz.de/10013005155
to sector-specific wages and worker sorting across the two sectors. Individuals with lower assets tend to accept lower …
Persistent link: https://www.econbiz.de/10012999532
We study how technological change affects between‐ and within‐education‐group inequality in the United States. We develop a model with heterogeneous workers and firms in which the demand for skills is characterized by firms' recruiting behavior. We use the model to quantify the relative...
Persistent link: https://www.econbiz.de/10015053136