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simultaneously determined in market equilibrium. We structurally estimate the search cost distribution, the implied matching …
Persistent link: https://www.econbiz.de/10011372979
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment …
Persistent link: https://www.econbiz.de/10014438511
This paper characterizes the equilibrium for a large class of search models with two-sided heterogeneity and on …
Persistent link: https://www.econbiz.de/10011346489
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment …
Persistent link: https://www.econbiz.de/10014423755
This paper investigates how worker beliefs and job prospects impact the wages and growth of young firms, as well as the aggregate economy. Building a heterogeneous-firm directed search model where workers gradually learn about firm types, I find that learning generates endogenous wage...
Persistent link: https://www.econbiz.de/10015191435
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …
Persistent link: https://www.econbiz.de/10014520525
Persistent link: https://www.econbiz.de/10012431472
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011332815
employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment …
Persistent link: https://www.econbiz.de/10014427918
This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers …
Persistent link: https://www.econbiz.de/10011389072