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Gautier, Pieter A.; Teulings, Coen N.; van Vuuren, Aico - 2005

This paper characterizes the equilibrium for a large class of search models with two-sided heterogeneity and on-the-job search. Besides the well-known congestion externalities, we show that on-the-job search in combination with monopsonistic wage setting without commitment creates a...

Persistent link: https://www.econbiz.de/10010325559

Wage bargaining and labor market policy with biased expectations

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...

Persistent link: https://www.econbiz.de/10014249742

Wage bargaining and labor market policy with biased expectations

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2024

Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and analytically studies the implications of biased expectations for wage...

Persistent link: https://www.econbiz.de/10014501268

Matching through search channels

Carrillo-Tudela, Carlos; Kaas, Leo; Lochner, Benjamin - 2023

employment, wages and labor market sorting, we structurally estimate an equilibrium job ladder model featuring two … channel, facilitate hiring workers of higher ability, and matter most for worker-firm sorting. Although the public employment … Bundesagentur für Arbeit zueinander. All diese Suchkanäle tragen dazu bei, Friktionen am Arbeitsmarkt zu verringern. In diesem …

Persistent link: https://www.econbiz.de/10014438511

Matching through search channels

Carrillo-Tudela, Carlos; Kaas, Leo; Lochner, Benjamin - 2023

Persistent link: https://www.econbiz.de/10014423755

Search with multi-worker firms

Acemoglu, Daron; Hawkins, William B. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 3, pp. 583-628

We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers and in which the hiring process is time-consuming as well as costly. We follow Stole and Zwiebel (1996a,b) and assume that wages are determined by continuous bargaining between...

Persistent link: https://www.econbiz.de/10011674212

State Regulations, Job Search and Wage Bargaining : A Study in the Economics of the Informal Sector

Bouev, Maxim - 2005

This paper analyses the emergence of the informal economy in the environment characterised by non-competitive labour markets with wage bargaining. We develop a simple extension of the standard search model à la Pissarides (2000) with formal and informal sectors to show how a government's...

Persistent link: https://www.econbiz.de/10014064679