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In this paper I show how borrowing constraints and job search interact. I fit a dynamic model to data from the National Longitudinal Survey (1979-cohort) and show that borrowing constraints are significant. Agents with more initial assets and more access to credit attain higher wages for several...
Persistent link: https://www.econbiz.de/10014086903
This paper presents a model of the jobmarket in which the number of workers and companies is a Poisson random variable, as in Poisson games. The model has undominated equilibria that share some properties with directed search, while preserving some erratic elements typical of random search
Persistent link: https://www.econbiz.de/10014095800
When mobility between locations is frictional, a person's economic well-being is partially determined by her place of birth. Using a life cycle model of mobility, we find that search frictions are the main impairment to the mobility of young people in Spain, and these frictions are particularly...
Persistent link: https://www.econbiz.de/10013500696
to their job finding rate, application intensity and matching probability. The effectiveness of Counseling and Monitoring … intensity and the matching probability. Counseling and Monitoring is an intensive job search assistance program designed to help …, although no differences are found in matching probabilities …
Persistent link: https://www.econbiz.de/10014108500
A dynamic two-country labour matching economy is presented. Workers decide whether to search in their native country or …
Persistent link: https://www.econbiz.de/10014153159
Although home-ownership has been shown to restrict geographic labor mobility and to affect job search behavior of unemployed, there is no evidence so far on how it affects their future re-employment outcomes. We use two waves of detailed German survey data of newly unemployed individuals to...
Persistent link: https://www.econbiz.de/10013023775
One of the most important long-run trends in the U.S. labor market is polarization, defined as the relative growth of employment in high-skill jobs (such as management and technical positions) and low-skill jobs (such as food-service and janitorial work) amid the concurrent decline in...
Persistent link: https://www.econbiz.de/10010493670
We consider a frictional labor market in which firms want to insure their senior employees against income fluctuations and, at the same time, want to recruit new employees to fill their vacant positions. Firms can commit to a wage schedule, i.e. a schedule that specifies the wage paid by the...
Persistent link: https://www.econbiz.de/10014213433
per vacancy and spend 2.5% of their total labor cost in these activities. The model provides an endogenous matching …
Persistent link: https://www.econbiz.de/10013083017
This paper contributes to the existing literature on ethnic discrimination of immigrants in hiring by addressing the central question of what employers act on in a job application. The method involved sending qualitatively identical resumes signalling belonging to different ethnic groups to...
Persistent link: https://www.econbiz.de/10003771910