We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …-trivial dispersion of firm sizes; when firms' production technologies exhibit decreasing returns to labor, it also generates wage … unemployment ratio to a shock to labor productivity can be somewhat more persistent than in the Mortensen-Pissarides benchmark …

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …-trivial dispersion of firm sizes; when firms' production technologies exhibit decreasing returns to labor, it also generates wage … unemployment ratio to a shock to labor productivity can be somewhat more persistent than in the Mortensen-Pissarides benchmark …

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …-trivial dispersion of firm sizes; when firms' production technologies exhibit decreasing returns to labor, it also generates wage … unemployment ratio to a shock to labor productivity can be somewhat more persistent than in the Mortensen-Pissarides benchmark …

The effects of discrimination of immigrants on the labour market are studied within a search and wage …

Education’s role in determining worker incomes in China’s rapidly changing urban labor markets is investigated in this … between institutionally-differentiated groups of workers in China’s urban labor markets. An interesting hierarchy of returns …

program on aggregate labour market outcomes. This is done by calibrating an equilibrium search model with heterogeneous worker …

establishment growth, vacancy filling and entry wages, we calibrate a model with directed search and ex-ante heterogeneous workers …

establishment growth, vacancy filling and entry wages, we calibrate a model with directed search and ex-ante heterogeneous workers …

, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search …Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

In this paper we present and estimate a synthesis of previous equilibrium search models: allowing for continuous … distributions of workers opportunity costs of employment, as well as firms' productivities. The model allows for on-the-job search …, and we assume that job offer arrival rates for workers are independent of their labor market state. We derive the …