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on-the-job search cannot replicate this pattern. With on-the-job search, however, unemployed job searchers are more will …-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the …
Persistent link: https://www.econbiz.de/10008662485
We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most … of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it … as the number of job applications that workers send out. The wage distribution and job search intensities are …
Persistent link: https://www.econbiz.de/10011372979
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage … to US data, we find that search frictions account for less than 20 percent of wage dispersion. In addition, we estimate …
Persistent link: https://www.econbiz.de/10012319318
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … search models. Specifically, the correlation between pre- and post-displacement wages is informative of frictional wage …, independent of the job-offer distribution. Applying our methodology to US data, we find that search frictions account for less …
Persistent link: https://www.econbiz.de/10012022438
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … class of search models. Specifically, the correlation between pre‐ and post‐displacement wages is informative of frictional … methodology to US data, we find that search frictions account for less than 20% of wage dispersion. In addition, we estimate that …
Persistent link: https://www.econbiz.de/10014362543
, all of which help to ameliorate labor market frictions. In this paper we investigate the extent to which these search …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost …
Persistent link: https://www.econbiz.de/10014423755
, all of which help to ameliorate labor market frictions. In this paper we investigate the extent to which these search …-sided heterogeneity, multiple search channels and endogenous recruitment effort. The estimation reveals that networks are the most cost …
Persistent link: https://www.econbiz.de/10014438511
We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …
Persistent link: https://www.econbiz.de/10011674212
propose a search model with transferable utility in which ex-ante heterogeneous men and women simultaneously search for …
Persistent link: https://www.econbiz.de/10012304704
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/10011335208