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We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010812034
makes our model simultaneously consistent with procyclical occupational mobility of the unemployed, countercyclical job …
Persistent link: https://www.econbiz.de/10010877858
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option … also generates job-to-job transitions with both wage cuts and jumps. …
Persistent link: https://www.econbiz.de/10010268976
We analyse an equilibrium labour market with on-the-job search and experience effects (where workers learn … initial 10 years of a worker's career are characterised by several job changes and rapid wage growth) it yields a new …
Persistent link: https://www.econbiz.de/10010269382
the labor market reintegration, patterns of job search, and reservation wages across unemployed migrants and natives in …
Persistent link: https://www.econbiz.de/10010269464
This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can …
Persistent link: https://www.econbiz.de/10010269602
the labor market reintegration, patterns of job search, and reservation wages across unemployed migrants and natives in …
Persistent link: https://www.econbiz.de/10010271156
to highlight possible market failures but also to explain how on-the-job search and employee turnover fundamentally …
Persistent link: https://www.econbiz.de/10011401630
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010291522
This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can …
Persistent link: https://www.econbiz.de/10010292335