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wage policy in a search model with heterogeneous workers. In particular, we characterize the circumstances under which …
Persistent link: https://www.econbiz.de/10005642488
The paper develops a two-sector general equilibrium search model where "goods" are produced exclusively in the market …
Persistent link: https://www.econbiz.de/10005644588
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …
Persistent link: https://www.econbiz.de/10005761648
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …
Persistent link: https://www.econbiz.de/10005562447
This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …
Persistent link: https://www.econbiz.de/10005792066
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 welfare and employment effects of different wage bargaining regimes. Within the large firm search model …
Persistent link: https://www.econbiz.de/10008513085
or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …
Persistent link: https://www.econbiz.de/10005124074
This paper considers training, mobility decisions and wages together to test for the specificity of human capital contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two ways. First, we examine the correlation between training...
Persistent link: https://www.econbiz.de/10005357866