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that learning generates endogenous wage differentials for young firms. High-performing young firms must pay higher wages … firms. Reduced uncertainty or labor market frictions lower the wage differentials, thereby enhancing young firm dynamics and …
Persistent link: https://www.econbiz.de/10015191435
unemployment, but may also increase the reservation wage, increasing search duration and unemployment. I collaborate with a … application, when search costs are lower. These findings are consistent with an increase in the reservation wage. Lower search …
Persistent link: https://www.econbiz.de/10013295603
, employer heterogeneity and individual-level shocks. Career wage growth is decomposed into the contributions of human capital … capital accumulation and job search contribute to the observed concavity of wage-experience profiles. The contribution from … job search to wage growth, both within- and between-job, declines over the first ten years of a career - the 'job …
Persistent link: https://www.econbiz.de/10010254832
history has occurred over the past decades. We find that there exists a significant wage penalty for those migrant workers who … potential reasons for the wage penalty: 1) the informal job search sends a negative signal (of workers' inability to …
Persistent link: https://www.econbiz.de/10011735917
history has occurred over the past decades. We find that there exists a significant wage penalty for those migrant workers who … potential reasons for the wage penalty: 1) the informal job search sends a negative signal (of workers' inability to …
Persistent link: https://www.econbiz.de/10012946563
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … life‐cycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large … wage dispersion. Furthermore, the fraction of displaced workers who suffer a wage loss is informative of frictional wage …
Persistent link: https://www.econbiz.de/10014362543
This paper assesses wage setting and wage dynamics in a search and matching framework where (i) workers and firms on … observations on pay dynamics within jobs at firms. Along with wage tenure effects, serial correlation in wage changes and wage …
Persistent link: https://www.econbiz.de/10014434270
We discuss a model of a job market where firms announce salaries. Thereupon, they decide through the evaluation of a productivity test whether to hire applicants. Candidates for a job are locked in once they have applied at a given employer. Hence, such a market exhibits a specific form of the...
Persistent link: https://www.econbiz.de/10010227320
We study how job seekers respond to wage announcements by assigning wages randomly to pairs of otherwise similar … vacancies in a large number of professions. High wage vacancies attract more interest, in contrast with much of the evidence … based on observational data. Some applicants only show interest in the low wage vacancy even when they were exposed to both …
Persistent link: https://www.econbiz.de/10011924640
retirement age into Cahuc, Postel-Vinay, and Robin s (2006) strategic wage bargaining model with counteroffers and heterogeneous … of the current match. The bargaining power parameter influences the worker's reservation wage. The model can reproduce …
Persistent link: https://www.econbiz.de/10010338396