Identifying Equilibrium Models of Labor Market Sorting
نویسندگان
چکیده
منابع مشابه
Labor Market Equilibrium with Public Employment
We develop and empirically test a labor market model with Public Employment Agencies (PEA) in order to understand why not all vacancies use the costless services provided by the PEA. We show that both the search market and the PEA can be active in equilibrium. In such an equilibrium, workers with a higher productivity have a higher chance of receiving a job offer and hence a higher value of sea...
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With the recent special issue of the Journal of Labor Economics on the topic, the concept of monopsony in the labor market seems to have achieved a new respectability as a formulation of wage setting institutions in labor markets. (See Ashenfelter, Farber, Ransom (2010) for a summary.) However, in the "new monopsony" literature, the market environment is not one in which a single buyer faces a ...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2017
ISSN: 0012-9682
DOI: 10.3982/ecta11301