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We introduce skill groups and different production technologies into the Burdett-Mortensen model of on the job search. Supermodularity of the different skill groups in the production process leads to a positive intra-firm wage correlation between skill groups. Increasing returns to scale allow...
Persistent link: https://www.econbiz.de/10008859504
We introduce different skill groups and production functions into the Burdett- Mortensen equilibrium search model. Supermodularity in the production process leads to a positive intrafirm wage correlation between skill groups. Theory implies that increasing returns to scale can lead to a unimodal...
Persistent link: https://www.econbiz.de/10003315006
We introduce different skill groups and production functions into the Burdett-Mortensen equilibrium search model. Supermodularity in the production process leads to a positive intrafirm wage correlation between skill groups. Theory implies that increasing returns to scale can lead to a unimodal...
Persistent link: https://www.econbiz.de/10003229299
Persistent link: https://www.econbiz.de/10003944470
We introduce different skill groups and production functions into the Burdett-Mortensen equilibrium search model. Supermodularity in the production process leads to a positive intrafirm wage correlation between skill groups. Theory implies that increasing returns to scale can lead to a unimodal...
Persistent link: https://www.econbiz.de/10013318056
Persistent link: https://www.econbiz.de/10001766988
In this work we provide a theoretical overview of a search equilibrium model with continuous productivity dispersion and perform its estimation for the Austrian data. We describe empirically the dynamics of market equilibrium outcomes. Special emphasis is made on the analysis of changes in...
Persistent link: https://www.econbiz.de/10002636784
Working time account is an organization tool that allows firms smoothing their demand for hours employed. Descriptive literature suggests that working time accounts reduce turnover and inhibit increase in unemployment during recessions. In a model of optimal choice of hours by a firm I show that...
Persistent link: https://www.econbiz.de/10011636662
Working time account is an organization tool that allows firms to smooth their demand for hours employed. Descriptive literature suggests that working time accounts are likely to reduce turnover and inhibit increase in unemployment during recessions. In a model of optimal labour demand I show...
Persistent link: https://www.econbiz.de/10012111324
Working time account is an organization tool that allows firms to smooth their demand for hours employed. Descriptive literature suggests that working time accounts are likely to reduce layoffs and inhibit increases in unemployment during recessions. In a model of optimal labour demand I show...
Persistent link: https://www.econbiz.de/10012120270