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individuals do not search for jobs when non-employed. Facing changes in the value of inactivity, individuals transit through three … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …
Persistent link: https://www.econbiz.de/10011405565
In the last decades, the OECD labor markets faced important labor supply changes with the arrival of women and the cohorts of the baby-boom. Using a survey where workers declare their true employment experience, this paper argues that these supply trends imply more inexperienced workers. It then...
Persistent link: https://www.econbiz.de/10011410676
This paper describes the changes in the composition of the labor force in the last 35 years and quantifies the substitution of low education/high experience workers by low experience/high education workers by using US and French microdata. The consequences of this substitution on the wage...
Persistent link: https://www.econbiz.de/10011401268
search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated …
Persistent link: https://www.econbiz.de/10011405857