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I examine whether a version of the Cahuc et al. (2006) model can match the magnitude of wage dispersion, as measured by the ratio of the average and the lowest wage - the so-called mean-min ratio of Hornstein et al. (2011). I find that the workers' bargaining power is a crucial parameter: the...
Persistent link: https://www.econbiz.de/10010662808
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs … rate of 4-6%. We find that without search frictions, output would be between 7.5% and 18.5% higher, depending on whether or …
Persistent link: https://www.econbiz.de/10010276876
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs … rate of 4-6%. We find that without search frictions, output would be between 7.5% and 18.5% higher, depending on whether or …
Persistent link: https://www.econbiz.de/10008836673
rate changes. An on-the-job search model with crime is used to model criminal behavior, derive the estimation method and …
Persistent link: https://www.econbiz.de/10005429854
The purpose of this note is to explain theoretically the observed entire density of wages which is hump-shaped and right-skewed. I extend the model brought up by Halko et al . (2008) to introduce heterogeneity of firmfs productivity. It causes a difference in the support of wage offers, a wider...
Persistent link: https://www.econbiz.de/10005773254
on-the-job search cannot replicate this pattern. With on-the-job search, however, unemployed job searchers are more will …-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the …
Persistent link: https://www.econbiz.de/10011390647
We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most … of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it … as the number of job applications that workers send out. The wage distribution and job search intensities are …
Persistent link: https://www.econbiz.de/10010325530
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage …, independent of the job-offer distribution. Applying our methodology to US data, we find that search frictions account for less …
Persistent link: https://www.econbiz.de/10012059117
on-the-job search cannot replicate this pattern. With on-the-job search, however, unemployed job searchers are more …-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the …
Persistent link: https://www.econbiz.de/10010270155
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … class of search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional … methodology to US data, we find that search frictions account for less than 20% of wage dispersion. In addition, we estimate that …
Persistent link: https://www.econbiz.de/10014537012