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This paper empirically tests the role of search frictions in driving qualification mismatches in the labor market … are more pervasive than in more developed economies. Moreover, frictions related to search costs are a crucial determinant … interventions that improve worker-job matches with potential gains to wages and aggregate productivity. …
Persistent link: https://www.econbiz.de/10011655864
equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of … the model is that it can accommodate shocks to the skill composition in the market, employee bargaining power and … productivity. Further, when our model is subjected to skill-upgrading and changes in employee bargaining power, it is capable of …
Persistent link: https://www.econbiz.de/10013147124
inequality. -- Income inequality ; two-sector search model ; bargaining power ; skill-biased technological change … equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of … the model is that it can accommodate shocks to the skill composition in the market, employee bargaining power and …
Persistent link: https://www.econbiz.de/10003941761
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-and different occupations. Then we develop an on-the-job search model that incorporates referrals and calibrate the model to key …
Persistent link: https://www.econbiz.de/10012660361
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This paper presents a model in which mismatch employment arises in a constrained efficient equilibrium. In the decentralized economy, however, mismatch gives rise to a congestion externality whereby heterogeneous job seekers fail to internalize how their individual actions affect the labor...
Persistent link: https://www.econbiz.de/10011932219
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