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The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …
Persistent link: https://www.econbiz.de/10005822179
Social contacts help workers to find jobs, but those jobs need not be in the occupations where workers are most productive. Hence social contacts can generate mismatch between a worker's occupational choice and his comparative productive advantage. Thus economies with dense social networks can...
Persistent link: https://www.econbiz.de/10005827082
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.<P>This...</p>
Persistent link: https://www.econbiz.de/10011256754
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011257112
In this paper we propose a dynamic partial equilibrium model in order to explain the search behaviour of low … react to a reduction in their current search effectiveness by decreasing their search efforts, and react to an expected … future reduction in search effectiveness by increasing their present search efforts, to exploit the most our of good times …
Persistent link: https://www.econbiz.de/10008629650
, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts …. Workers accumulate general human capital through learning-by-doing. With on-the-job search, a worker’s wage evolves …
Persistent link: https://www.econbiz.de/10008671718
We endogenize separation in a search model of the labor market and allow for bargaining over the continuation of …
Persistent link: https://www.econbiz.de/10010746228
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …
Persistent link: https://www.econbiz.de/10011071476
Wage inequality in the United States has grown substantially in the past two decades. Standard supply-demand analysis in the empirics of inequality (e.g. Katz and Murphy (1992)) indicates that we may attribute some of this trend to an outward shift in the demand for high skilled labor. In this...
Persistent link: https://www.econbiz.de/10010547287
How can long-term unemployment be reduced by policy measures of the government? In this paper a growth-matching-model is developed, in which the unemployment pool consists of heterogeneous unemployed workers, short-term and long-term unemployed, and with an endogenous skill-depreciation of the...
Persistent link: https://www.econbiz.de/10010985015