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widely-applicable description of firms' behavior in labor markets. In Manning's view, search frictions in the labor market …
Persistent link: https://www.econbiz.de/10005437902
of job search with aggregate productivity shocks, where i) workers face incomplete markets, and ii) wages are determined … via optimal long-term contracts. Despite the large state space associated with long-term contracting, the equilibrium has …
Persistent link: https://www.econbiz.de/10004991578
from an unfilled position are larger at productive firms, incomplete contracts and on-the-job search incentivize productive …
Persistent link: https://www.econbiz.de/10013295449
mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …-paid workers, and through large lifetime earnings losses among high-paid workers who experience forced occupational mobility and …
Persistent link: https://www.econbiz.de/10013390926
mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …-paid workers, and through large lifetime earnings losses among high-paid workers who experience forced occupational mobility and …
Persistent link: https://www.econbiz.de/10013412799
as well as workers in East Germany, experience particularly high costs in case they are displaced from high carbon …
Persistent link: https://www.econbiz.de/10014491375
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within employment matches. To address both concerns, we estimate...
Persistent link: https://www.econbiz.de/10014248987
This paper provides estimates of the average returns to labour market experience and .rm-speci.c tenure for a sample of … by job matching and individual fixed effects. Results indicate that OLS estimates for experience and tenure are downward …
Persistent link: https://www.econbiz.de/10005042513
temporary position cannot be exactly predicted, shifts from temporary to permanent contracts tend to be linked to a reduction in … in the selection process into temporary contracts, these results lose significance and only a positive relation between … wage and commuting time persists, irrespective of the type of contract. -- atypical contracts ; oligopsony ; compensating …
Persistent link: https://www.econbiz.de/10009310730