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This paper identifies a data-consistent, equilibrium model of unemployment, wage dispersion, quit turnover and firm growth dynamics. In a separating equilibrium, more productive firms signal their type by paying strictly higher wages in every state of the market. Workers optimally quit to firms...
Persistent link: https://www.econbiz.de/10010288937
We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search …
Persistent link: https://www.econbiz.de/10010528571
equilibrium solution to the model is defined and characterized. In the model, firms cannot commit to wage contracts. Instead, the …
Persistent link: https://www.econbiz.de/10009220620
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
permanent contracts increases the wage gap. Instead partial deregulation matters: In countries where permanent workers are … strongly protected the wage gap is larger if the use of temporary contracts is deregulated. Moreover, results suggest that the …
Persistent link: https://www.econbiz.de/10014477486
Temporary employment contracts are often regarded as 'stepping stones' for workers' careers, because they can help … contract duration, exploiting a Dutch policy reform that shortened the maximum duration of sequences of temporary contracts … register data, we show that the reform accelerated the transitions of temporary workers to permanent contracts with the same …
Persistent link: https://www.econbiz.de/10013274412
Temporary employment contracts are often regarded as ‘stepping stones’ for workers’ careers, because they can help … contract duration, exploiting a Dutch policy reform that shortened the maximum duration of sequences of temporary contracts … register data, we show that the reform accelerated the transitions of temporary workers to permanent contracts with the same …
Persistent link: https://www.econbiz.de/10014079833
permanent contracts increases the wage gap. Instead partial deregulation matters: In countries where permanent workers are … strongly protected the wage gap is larger if the use of temporary contracts is deregulated. Moreover, results suggest that the …
Persistent link: https://www.econbiz.de/10014455260
by posting multiple jobs. The interaction between these separation incentives and the standard search frictions is the …
Persistent link: https://www.econbiz.de/10010456965
We investigate an equilibrium search model in which the search frictions are increasing with the distance to the … central business district allowing for on-the-job search and endogenous (monopsony) wage formation and land allocation. We …
Persistent link: https://www.econbiz.de/10010491400