Wage Dispersion, Job Vacancies, Job Search, and Frictional Unemployment
Author | : Buford Curtis Eaton |
Publisher | : |
Total Pages | : 31 |
Release | : 1970 |
Genre | : Job hunting |
ISBN | : |
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Author | : Buford Curtis Eaton |
Publisher | : |
Total Pages | : 31 |
Release | : 1970 |
Genre | : Job hunting |
ISBN | : |
Author | : Matthias S. Hertweck |
Publisher | : |
Total Pages | : |
Release | : 2010 |
Genre | : |
ISBN | : |
This paper addresses the large degree of frictional wage dispersion in US data. The standard job matching model without on-the-job search cannot replicate this pattern. With on-the-job search, however, unemployed job searchers are more willing to accept low wage offers since they can continue to seek for better employment opportunities. This explains why observably identical workers may be paid very differently. Therefore, we examine the quantitative implications of on-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the degree of frictional wage dispersion by an order of a magnitude.
Author | : Dale T. Mortensen |
Publisher | : IZA Prize in Labor Economics |
Total Pages | : 0 |
Release | : 2016-06-16 |
Genre | : Business & Economics |
ISBN | : 9780198779995 |
Dale T. Mortensen and Christopher A. Pissarides are the recipients (with Peter Diamond) of the Nobel memorial Prize in Economics 2010. They have made path-breaking contributions to the analysis of markets with search and matching frictions, which account for much of the success of job searchtheory and the flows approach in becoming a leading tool for microeconomic and macroeconomic analysis of labor markets. Both scientists have gained groundbreaking insights through individual as well as joint research. Consequently, this volume not only features several papers which helped shape theequilibrium search model, including some early contributions which have initiated the research on what is known today as the search and matching model of the labor market, but it also presents a joint paper by the IZA Prize Laureates, which is a complete statement of the equilibrium search andmatching model with endogenous job creation and job destruction.As part of the IZA Prize Series, the book presents a selection of their most important work which has highly enriched research on unemployment as an equilibrium phenomenon, on labor market dynamics, and on cyclical adjustment.
Author | : Dale Mortensen |
Publisher | : MIT Press |
Total Pages | : 170 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9780262633192 |
A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.
Author | : Peter Claus Wolfgang Gutkind |
Publisher | : |
Total Pages | : 88 |
Release | : 1977 |
Genre | : Business & Economics |
ISBN | : |