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This paper studies a labor market with directed search, where multi-worker firms follow a firm wage policy: They pay equally productive workers the same. The policy reduces wages, due to the influence of firms’ existing workers on their wage setting problem, increasing the profitability...
Persistent link: https://www.econbiz.de/10011971300
authors show that the job matching model in its standard form cannot reproduce these patterns due to excessively rapid vacancy …
Persistent link: https://www.econbiz.de/10014057074
This paper generalizes and extends the labor market search and matching model of Berliant, Reed, and Wang (2006). In … this model, the density of cities is determined endogenously, but the matching process becomes more efficient as density … matching function and congestion costs to changes in density …
Persistent link: https://www.econbiz.de/10014052039
We examine the optimal labor market-policy mix over the business cycle. In a search and matching model with risk …
Persistent link: https://www.econbiz.de/10014167320
The authors examine the optimal labor market-policy mix over the business cycle. In a search and matching model with …
Persistent link: https://www.econbiz.de/10013117871