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Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy

as in Melitz (2003). This increases …firms´ incentives to hire or …re workers as idiosyncratic productivity shocks occur, thereby increasing job turnover and, because of the search frictions, spreading the wage distribution. Preliminary simulations at plausible parameter values suggest that these effects can be important. Estimation of the model is in progress.
Year of publication:
2009
Authors: Guner, Nezih ; Tybout, James ; Cosar, A. Kerem
Institutions: Society for Economic Dynamics - SED
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series 2009 SED Meeting Papers Number 811
Source:
Persistent link: https://www.econbiz.de/10011080469
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