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We analyze the consequences of an increase in the supply of highly educated workers on relative and real wages in a search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated workers improves the firms' outside option. As a...
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Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10010276187
Wage decompositions suggest that a large share of the gender wage gap can be explained by differences in occupation and employer choices. If female workers are not well informed about these pay differences, increasing wage transparency might alleviate the gender gap. We test this hypothesis by...
Persistent link: https://www.econbiz.de/10013263012
Integrating Roy with Becker, this paper studies occupational choice and matching in the labor market. Our model …
Persistent link: https://www.econbiz.de/10012962254
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This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching …
Persistent link: https://www.econbiz.de/10009232255
growth and labor's share is puzzling. I argue otherwise. A search and matching model with infrequently bargained nominal … Nash bargaining ; inflation ; productivity ; search and matching ; labor share …
Persistent link: https://www.econbiz.de/10009299014
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …
Persistent link: https://www.econbiz.de/10008905754
We show that, in settings where meetings can be multilateral, the allocation rule proposed by Mortensen (1982) can be relatively straightforward to implement: as a local auction conducted by sellers. The implications of using this mechanism in a simple model of the labor market are then...
Persistent link: https://www.econbiz.de/10012987704