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We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10010275862
We study a search model where workers can send multiple applications to high and low productivity firms. Firms that …, the equilibrium outcomes are the same under directed and random search. Allowing for free entry creates a second source of …
Persistent link: https://www.econbiz.de/10010274013
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …
Persistent link: https://www.econbiz.de/10010276656
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …
Persistent link: https://www.econbiz.de/10005761648
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …
Persistent link: https://www.econbiz.de/10005822179
, using a dynamic search and matching model a la Mortensen and Pissarides (1994), we show that it may be not any more the case …
Persistent link: https://www.econbiz.de/10010262317
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under …
Persistent link: https://www.econbiz.de/10010268976
The objective of this paper is to construct and quantitatively assess an equilibrium search model with on …-the-job search and general human capital accumulation. In the model workers enter the labour market with different abilities and … firms differ in their productivities. Wages are dispersed because of search frictions and workers' productivity …
Persistent link: https://www.econbiz.de/10010290001
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10005703111
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the …
Persistent link: https://www.econbiz.de/10010273996