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costless informal channel, i.e. referrals. There is a continuum of heterogeneous vacancies in our model where every frm with an …'s size and formal search intensity can also be observed for firms that don't use referrals; (4) Firms that use referrals as a … search channel invest less effort into formal search compared to firms that don't use referrals; (5) Larger firms are less …
Persistent link: https://www.econbiz.de/10011762947
significant evidence of local interactions between job-seekers and referrals in developing labor markets. The effects of localized …
Persistent link: https://www.econbiz.de/10005222476
We test for evidence of spatial, residence-based labor market networks. Turnover is lower for workers more connected to …
Persistent link: https://www.econbiz.de/10010668414
We use new training data from waves 3-6 of the Household, Income and Labour Dynamics in Australia Survey to investigate the training and wages of full-time men. We explore the extent to which the data are consistent with the predictions of human capital theory or with recent alternative theories...
Persistent link: https://www.econbiz.de/10004971374
According to the standard union bargaining model, unemployment benefits should have big effects on wages, but product market prices and productivity should play no role in the wage bargain. We formulate an alternative strategic bargaining model, where labour and product market conditions...
Persistent link: https://www.econbiz.de/10010322003
This paper constructs and quantitatively assesses an equilibrium search model with on-the- job search and general human capital accumulation. In the model workers differ in their innate abilities and firms in their productivities. Wages are dispersed because of search frictions and workers'...
Persistent link: https://www.econbiz.de/10010331222
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....
Persistent link: https://www.econbiz.de/10012052795
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10010443316
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the medium term evolution of real wages and competitiveness? To answer these...
Persistent link: https://www.econbiz.de/10010317904
We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that...
Persistent link: https://www.econbiz.de/10010280970