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Preference Signaling in Matching Markets
Coles, Peter - 2010
on this information. In this paper we study how a signaling mechanism, where each worker can send a signal of interest to … ready to provide information about their preferences for particular employers, and employers value and are prepared to act … one employer, facilitates matches in such markets. We find that introducing a signaling mechanism increases the welfare of …
Persistent link: https://www.econbiz.de/10012462472
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio J. - 2008
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10012464892
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Mismatch
Shimer, Robert - 2005
This paper develops a dynamic model of mismatch. Workers and jobs are randomly assigned to labor markets. Each labor market clears at each instant but some labor markets have more workers than jobs, hence unemployment, and some have more jobs than workers, hence vacancies. As workers and jobs...
Persistent link: https://www.econbiz.de/10012466783
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10012460313
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A Formal Test of Assortative Matching in the Labor Market
Abowd, John M. - 2009
We estimate a structural model of job assignment in the presence of coordination frictions due to Shimer (2005). The coordination friction model places restrictions on the joint distribution of worker and firm effects from a linear decomposition of log labor earnings. These restrictions permit...
Persistent link: https://www.econbiz.de/10012463103
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Marginal Jobs, Heterogeneous Firms, & Unemployment Flows
Elsby, Michael W. L. - 2008
This paper introduces a notion of fir m size into a search and matching model with endogenous job destruction. The …
Persistent link: https://www.econbiz.de/10012464870
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Specific Information, General Information, and Employment Matches Under Uncertainty
Viscusi, W. Kip - 1979
specific/general information for matching processes in many respects aralle1 the role of that distinction in human capital …Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their …
Persistent link: https://www.econbiz.de/10012478753
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Employer Credit Checks : Poverty Traps versus Matching Efficiency
Corbae, Dean - 2018
and reduces matching efficiency: average unemployment duration rises by 13% for the most productive workers after …
Persistent link: https://www.econbiz.de/10012480658
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Patterns of Skill Premia
Acemoglu, Daron - 1999
In this paper, I develop a model to analyze how skill premia differ over time and across countries, and use this model to study the impact of international trade on wage inequality. Skill premia are determined by technology and the relative supply of skills. An increase in the relative supply of...
Persistent link: https://www.econbiz.de/10012471782
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Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
Gertler, Mark - 2016
Macroeconomic models often incorporate some form of wage stickiness to help account for employment fluctuations. However, a recent literature calls in to question this approach, citing evidence of new hire wage cyclicality from panel data studies as evidence for contractual wage flexibility for...
Persistent link: https://www.econbiz.de/10012456335