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Labor market theories that allow for search frictions make marked predictions on the effect of the degree of frictions on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested. We perform tests with matched worker-firm data. We...
Persistent link: https://www.econbiz.de/10005237950
Labor market theories allowing for search frictions make marked predictions on the effect of the degree of frictions on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested. We perform tests with matched worker-firm data. The...
Persistent link: https://www.econbiz.de/10005703143
This paper estimates a heterogeneous sorting model for firms, employing a semiparametric Poisson approach. We show that …
Persistent link: https://www.econbiz.de/10011541603
Labor market theories allowing for search frictions make marked predictions on the effect of the degree of frictions on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested. We perform tests with matched worker-firm data. The...
Persistent link: https://www.econbiz.de/10011349215
Persistent link: https://www.econbiz.de/10010439130
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond …-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties …
Persistent link: https://www.econbiz.de/10011280707
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