Showing 1 - 10 of 11
We generalize the Mortensen-Pissarides (1994) model of the labor market with a more realistic structure for the stochastic process of the shocks to the worker-firm match. In this way we can acommodate the empirical observation that hazard rates of job termination decrease and average wages...
Persistent link: https://www.econbiz.de/10005772086
We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective “specialized solvers” by relying on local information alone. The...
Persistent link: https://www.econbiz.de/10005772236
Four general equilibrium search models are compared quantitatively. The baseline framework is a calibrated … unemployment insurance, partly because search externalities magnify the effects of wage changes. The optimal level of unemployment … insurance depends strongly on whether raising benefits has a larger impact on search effort or on hiring expenditure. …
Persistent link: https://www.econbiz.de/10005772499
This paper provides a search theoretical model that captures two phenomena that have characterized several episodes of …
Persistent link: https://www.econbiz.de/10005772506
Wage inequality in the United States has grown substantially in the past two decades. Standard supply-demand analysis in the empirics of inequality (e.g.Katz and Murphy (1992)) indicates that we may attribute some of this trend to an outward shift in the demand for high skilled labor. In this...
Persistent link: https://www.econbiz.de/10005248472
We develop an equilibrium search-matching model with risk-neutral agents and two-sided ex-ante heterogeneity …
Persistent link: https://www.econbiz.de/10005704854
with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical … the unemployment insurance and the optimal search behavior of the unemployed gives rise to a self-reinforcing mechanism …
Persistent link: https://www.econbiz.de/10005704937
wage posting models while exogenizing search e¤ort, therefore allowing more insight into policy issues. The results …
Persistent link: https://www.econbiz.de/10005707976
This paper advances a highly tractable model with search theoretic foundations for money and neoclassical growth. In …
Persistent link: https://www.econbiz.de/10005708022
This paper analyses the interaction of two topics: Supply Chain Management (SCM) and Internet. Merging these two fields … is a key area of concern for contemporary managers and researchers. They have realized that Internet can enhance SCM by …
Persistent link: https://www.econbiz.de/10005572655