Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10005051387
This paper presents a simple search and bargaining economy in which firms use concave production. Because a firm and worker negotiate over the worker's marginal productivity, the firm's wage is a function of its labour force. Reacting to this wage function, firms choose an excessively large and...
Persistent link: https://www.econbiz.de/10005656122
Social contacts help workers to find jobs, but those jobs need not be in the occupations where workers are most productive. Hence social contacts can generate mismatch between a worker's occupational choice and his comparative productive advantage. Thus economies with dense social networks can...
Persistent link: https://www.econbiz.de/10005085453
In a simple search model of money, we study a special kind of memory which gives rise to an arrangement resembling a payment network. Specifically, we assume that agents can choose to have access to a central data base which keeps track of payments made and received. We show that multiple...
Persistent link: https://www.econbiz.de/10004970315
This paper extends Shimer's (2005) Mismatch model to allow for endogenous mobility. Rather than work directly in the original model, I use a related framework, the stock-flow matching model (Taylor, 1995; Coles and Muthoo, 1998). One of the contributions of this paper is therefore to compare the...
Persistent link: https://www.econbiz.de/10004977921
Persistent link: https://www.econbiz.de/10004977950
We introduce a joint model of labor market search and firm size dynamics to explain the differential in labor market and productivity outcomes between the U.S. and the European Union. At the core, our model is a hybrid of the labor market search model by Mortensen and Pissarides (1994) and the...
Persistent link: https://www.econbiz.de/10005069235
This paper explores labor productivity growth in a Lentz and Mortensen (2005 a,b) model with labor market frictions
Persistent link: https://www.econbiz.de/10005069248
Persistent link: https://www.econbiz.de/10005069369
Persistent link: https://www.econbiz.de/10005069385