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more efficient. In terms of transaction costs, the US pay on average higher search/hiring costs in the labor market, and …
Persistent link: https://www.econbiz.de/10010262696
employees. This paper develops a matching model that can explain the link between inter-industry wage differentials and use of …-workers, allowing firms to pay lower efficiency wages. On the other hand, informal search provides fewer job and applicant contacts than … formal methods (e.g., newspaper ads). In equilibrium, the matching process generates segmentation in the labor market because …
Persistent link: https://www.econbiz.de/10010262359
There is now considerable evidence that business cycle variation in output and employment in the U.S. differs in expansions and contractions. We present nonparametric evidence that asymmetries are strongest in durable goods manufacturing. In a Markov switching framework, we find two leading...
Persistent link: https://www.econbiz.de/10010263225
Building upon a continuous-time model of search with Nash bargaining in a stationary environment, we analyze the effect …
Persistent link: https://www.econbiz.de/10010261648
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Many workers reveal a preference for a gradual reduction in work hours as they approach retirement (?phased retirement?), rather than a sudden change from full-time work to full-time retirement. Pension regulations may impede phased retirement without a switch of employers by prohibiting access...
Persistent link: https://www.econbiz.de/10010262090
We analyze the dynamics of worker mobility in the United States over the 1968-1993 period at various levels of occupational and industry aggregation. We find a substantial overall increase in occupational and industry mobility over the period and document the levels and time trends in mobility...
Persistent link: https://www.econbiz.de/10010261866