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Job search and the age-inequality profile : conference paper

Marotzke, Petra - 2013

Empirical studies find that the age-variance profile of wages is U-shaped. The objective of this paper is to explore the driving forces of the U-shape in a model with search frictions. I introduce endogenous search effort and a fixed retirement age into Cahuc, Postel-Vinay, and Robin s (2006)...

Persistent link: https://www.econbiz.de/10010338396

Directed Search, Rationing and Wage Dispersion

Hori, Kenjiro - 2016

advertised, and wages affect workers' choices when both applying for jobs and accepting a job. An aggregate matching function is … workers' preferences in the job acceptance stage. When firms' labor demands are heterogeneous, the matching market equilibrium … outcome is suboptimal. Matching efficiency is, however, attained in equilibrium, when wages are employed as a rationing device …

Persistent link: https://www.econbiz.de/10012994840

Sufficient statistics for frictional wage dispersion and growth

Vejlin, Rune Majlund; Veramendi, Gregory - 2020

This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and lifecycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of search models. Specifically, the correlation...

Persistent link: https://www.econbiz.de/10012319318

A job ladder model with stochastic employment opportunities

Bradley, Jake; Gottfries, Axel - In: Quantitative economics : QE ; journal of the … 12 (2021) 4, pp. 1399-1430

We set up a model with on-the-job search in which firms infrequently post vacancies for which workers occasionally apply. The model nests the standard job ladder and stock-flow models as special cases, while remaining analytically tractable and easy to estimate from standard panel data sets. The...

Persistent link: https://www.econbiz.de/10012795723

Sufficient statistics for frictional wage dispersion and growth

Vejlin, Rune Majlund; Veramendi, Gregory - 2019

Persistent link: https://www.econbiz.de/10012022438

Sequential Job Posting and Equilibrium Wage Dispersion with Bunching

Guo, Junjie - 2022

In a labor market where new jobs cannot start until some time in the future, firms post vacancies in advance when productivity is high, and they post more vacancies but lower wages as the job starting time gets closer. An equilibrium wage distribution with both a continuous component and a mass...

Persistent link: https://www.econbiz.de/10013313515

Lohndispersion und Arbeitslosigkeit : neuere Ansätze in der Suchtheorie

Garloff, Alfred - 2003

Persistent link: https://www.econbiz.de/10014461043

Workers' job prospects and young firm dynamics

Kim, Seula - 2025

This paper investigates how worker beliefs and job prospects impact the wages and growth of young firms, as well as the aggregate economy. Building a heterogeneous-firm directed search model where workers gradually learn about firm types, I find that learning generates endogenous wage...

Persistent link: https://www.econbiz.de/10015191435

Beauty premium and marriage premium in search equilibrium : theory and empirical

Bonilla, Roberto; Kiraly, Francis; Wildman, John - 2015

We propose a theoretical explanation for the so-called "beauty premium". Our explanation is based entirely on search frictions and the fact that physical appearance plays an important role in attracting a marriage partner. We analyse the interaction between frictional labour and marriage markets...

Persistent link: https://www.econbiz.de/10010491716

Wage Dispersion and Recruiting Selection

Villena-Roldan, Benjamin - 2013

In this paper I introduce a novel source of residual wage dispersion. In the model, workers are heterogenous in productivity and randomly apply to ex ante identical posted vacancies. Each employer simultaneously meets several applicants, offers the position to the best candidate and bargains...

Persistent link: https://www.econbiz.de/10014158543