Author: Carlos Carrillo-Tudela
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This article considers an equilibrium search model, where firms post wages using information on workers' employment status. Earnings differentials between workers of different employment statuses are driven by firms' ability to discriminate workers' reservation wages. I study how these wage policies depend on firms' and workers' characteristics, and how these policies affect the wage distribution. The model delivers new predictions for the amount of wage dispersion that can be generated with search models and provides a better representation of the left tail of the wage distribution in the presence of a legal minimum wage than standard equilibrium search models.
An Equilibrium Search Model When Firms Observe Workers' Employment Status
Author: Carlos Carrillo-Tudela
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This article considers an equilibrium search model, where firms post wages using information on workers' employment status. Earnings differentials between workers of different employment statuses are driven by firms' ability to discriminate workers' reservation wages. I study how these wage policies depend on firms' and workers' characteristics, and how these policies affect the wage distribution. The model delivers new predictions for the amount of wage dispersion that can be generated with search models and provides a better representation of the left tail of the wage distribution in the presence of a legal minimum wage than standard equilibrium search models.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This article considers an equilibrium search model, where firms post wages using information on workers' employment status. Earnings differentials between workers of different employment statuses are driven by firms' ability to discriminate workers' reservation wages. I study how these wage policies depend on firms' and workers' characteristics, and how these policies affect the wage distribution. The model delivers new predictions for the amount of wage dispersion that can be generated with search models and provides a better representation of the left tail of the wage distribution in the presence of a legal minimum wage than standard equilibrium search models.
Recruitment Policy when Firms Observe Workers' Employment Status
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Search Theory and Unemployment
Author: Stephen A. Woodbury
Publisher: Springer Science & Business Media
ISBN: 9401002355
Category : Business & Economics
Languages : en
Pages : 244
Book Description
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.
Publisher: Springer Science & Business Media
ISBN: 9401002355
Category : Business & Economics
Languages : en
Pages : 244
Book Description
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.
An Empirical Equilibrium Job Search Model with Continously Distributed Heterogeneity of Workers' Opportunity Costs of Employment and Firms' Productivities, and Search on the Job
Author: Christian Bontemps
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Equilibrium Wage Dispersion with Worker and Employer Heterogeneity
Author: Fabien Postel-Vinay
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 88
Book Description
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 88
Book Description
Discrimination and Skill Differences in an Equilibrium Search Model
Author: Audra J. Bowlus
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We analyze an equilibrium search model with three sources for wage and unemployment differentials among workers with the same (observed) human capital but different appearance (race): unobserved productivity, search intensities, and discrimination due to an appearance-based employer disutility factor. We show that the structural parameters are identified using labor market survey data. Estimation results for a black and white high school graduate sample imply: black productivity is 3.3% lower than white productivity; the employer's disutility factor is 31% of the white's productivity level; and 56% of firms have a disutility factor toward blacks.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We analyze an equilibrium search model with three sources for wage and unemployment differentials among workers with the same (observed) human capital but different appearance (race): unobserved productivity, search intensities, and discrimination due to an appearance-based employer disutility factor. We show that the structural parameters are identified using labor market survey data. Estimation results for a black and white high school graduate sample imply: black productivity is 3.3% lower than white productivity; the employer's disutility factor is 31% of the white's productivity level; and 56% of firms have a disutility factor toward blacks.
An Empirical Equilibrium Job Search Model with Cintinuously Distributed Heterogeneity of Workers' Opportunity Costs of Employment and Firms' Productivities, Ans Search on the Job
Author: Christian Bontemps
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Structural Models of Wage and Employment Dynamics
Author: Henning Bunzel
Publisher: Emerald Group Publishing
ISBN: 0444520899
Category : Business & Economics
Languages : en
Pages : 613
Book Description
Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.
Publisher: Emerald Group Publishing
ISBN: 0444520899
Category : Business & Economics
Languages : en
Pages : 613
Book Description
Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.
An Empirical Equilibrium Job Search Model with Continuously Distributed Heterogeneity of Workers' Opportunity Costs of Employment and Firms' Productivities, and Search on the Job
Author: Christian Bontemps
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Book Description
Incentives in Competitive Search Equilibrium
Author: Espen R. Moen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper proposes a labor market model with job search frictions where workers have private information on match quality and effort. Firms use wage contracts to motivate workers. In addition, wages are also used to attract employees. We define and characterize competitive search equilibrium in this context, and show that it satisfies a simple modified Hosios rule. The model is used to address the "Shimer puzzle" related to the low volatility of the unemployment rate relative to the volatility of output observed in the data. We find that private information may increase the responsiveness of the unemployment rate to changes in productivity and in particular to changes in the information structure.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper proposes a labor market model with job search frictions where workers have private information on match quality and effort. Firms use wage contracts to motivate workers. In addition, wages are also used to attract employees. We define and characterize competitive search equilibrium in this context, and show that it satisfies a simple modified Hosios rule. The model is used to address the "Shimer puzzle" related to the low volatility of the unemployment rate relative to the volatility of output observed in the data. We find that private information may increase the responsiveness of the unemployment rate to changes in productivity and in particular to changes in the information structure.