Similar Search Results

Sorting versus screening: search frictions and competing mechanisms

Eeckhout, Jan; Kircher, Philipp - London School of Economics (LSE) - 2010

In a market where sellers compete by posting trading mechanisms, we allow for a general search technology and show that its features crucially affect the equilibrium mechanism. Price posting prevails when meetings are rival, i.e., when a meeting by one buyer reduces another buyer's meeting...

Persistent link: https://www.econbiz.de/10010745309

Labor search and matching in macroeconomics

Yashiv, Eran - London School of Economics (LSE) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10011071476

A test between unemployment theories using matching data

Coles, Melvyn; Petrongolo, Barbara - London School of Economics (LSE) - 2003

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

Persistent link: https://www.econbiz.de/10010928750

Firm-specific training

Felli, Leonardo; Harris, Christopher - London School of Economics (LSE) - 2006

This paper introduces two complementary models of firm-specific training: an informational model and a productivity-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency depends on the balance between the two key...

Persistent link: https://www.econbiz.de/10010928723

Directed search with multiple job applications

Galenianos, Manolis; Kircher, Philipp - London School of Economics (LSE) - 2009

We develop an equilibrium directed search model of the labor market where workers can simultaneously apply for multiple jobs. Our main theoretical contribution is to integrate the portfolio choice problem faced by workers into an equilibrium framework. All equilibria of our model exhibit wage...

Persistent link: https://www.econbiz.de/10010746275

Creative destruction with on-the-job search

Michau, Jean-Baptiste - London School of Economics (LSE) - 2007

matching model in an economy with embodied technological progress and show that its dynamics are profoundly affected by …

Persistent link: https://www.econbiz.de/10010744813

Evaluating the economic significance of downward nominal wage rigidity

Elsby, Michael W. L. - London School of Economics (LSE) - 2005

This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two dimensions. First, we formulate and solve an explicit model of wage-setting in the presence of worker resistance to nominal wage cuts - something that has previously been considered intractable....

Persistent link: https://www.econbiz.de/10010746448

On the extent of re-entitlement effects in unemployment compensation

Ortega, Javier; Rioux, Laurence - London School of Economics (LSE) - 2008

A dynamic labor matching economy is presented, in which the unemployed are either entitled to unemployment insurance …

Persistent link: https://www.econbiz.de/10010745099

Trade and industrial location with heterogeneous labor

Amiti, Mary; Pissarides, Christopher - London School of Economics (LSE) - 2002

We show in the framework of a new economic geography model that when labor is heterogenous and productivity depends on the quality of the match between job and worker, trade liberalization may lead to industrial agglomeration and inter-industry trade. The agglomeration force is the improvement...

Persistent link: https://www.econbiz.de/10010745739

Trade and industrial location with heterogeneous labor

Amiti, Mary; Pissarides, Christopher - London School of Economics (LSE) - 2005

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and inter-regional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match....

Persistent link: https://www.econbiz.de/10010746150