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This paper develops a labour market matching model with heterogeneous firms, on-thejob search and referrals. Social …
Persistent link: https://www.econbiz.de/10010340568
. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that …
Persistent link: https://www.econbiz.de/10010343782
This paper proposes a screening approach to explain why dating is associated with purchasing status products and conspicuous gift giving. A potential bride searching for a husband may seek to screen candidates whose income is only partially observable. Taking into account that she also bears...
Persistent link: https://www.econbiz.de/10010484412
Persistent link: https://www.econbiz.de/10000111436
Empirical studies find that the age-variance profile of wages is U-shaped. The objective of this paper is to explore the driving forces of the U-shape in a model with search frictions. I introduce endogenous search effort and a fixed retirement age into Cahuc, Postel-Vinay, and Robin s (2006)...
Persistent link: https://www.econbiz.de/10010338396
We study an infinitely repeated principal-agent relationship with on-the-job search. On-the-job search is modeled as a dimension of the agent's effort vector that has no effect on output, but raises his future outside option. The agent's incentives to search are increasing in the degree to which...
Persistent link: https://www.econbiz.de/10010338954
Persistent link: https://www.econbiz.de/10003359301