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firm heterogeneity to wage inequality. Inspired by sorting theory, we infer firm productivity from estimating firm …-level production functions, taking into account that worker ability and firm productivity may interact at the match level. Using German …, driven by new matches between low-productivity firms and low-ability workers. At the top, sorting decreases, reflected in …
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We present new evidence on how employment growth varies across firm types (size, productivity, and wage) and over the … hirings from/to employment (poaching) and net hirings from nonemployment. High-productivity firms are the most growing firms …
Persistent link: https://www.econbiz.de/10012290637
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …
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This paper develops a multi-sectorial search and matching model with endogenous occupational choice in a context of …
Persistent link: https://www.econbiz.de/10011438027
provide a framework with microeconomic foundations that give rise to matching frictions, which can be used to understand the … indeed, more frequently used aggregate matching technology. Existing differences turn out to be crucial for the empirical …
Persistent link: https://www.econbiz.de/10011414689
This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers …
Persistent link: https://www.econbiz.de/10011389072
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option … ; stock-flow matching …
Persistent link: https://www.econbiz.de/10003814346