منابع مشابه
Job Search with Nonparticipation
Job Search with Nonparticipation In a non-stationary job search model we allow unemployed workers to have a permanent option to leave the labor force. Transitions into nonparticipation occur when reservation wages drop below the utility of being nonparticipant. Taking account of these transitions allows the identification of duration dependence in the job offer arrival rate and the wage offer d...
متن کاملJob Search with Bidder Memories
Job Search with Bidder Memories This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this difference when hiring a worker. When a worker first meets a firm, t...
متن کاملExplorer Directed search with multiple job applications
We develop an equilibrium directed search model of the labor market where workers can simultaneously apply for multiple jobs. Our main theoretical contribution is to integrate the portfolio choice problem faced by workers into an equilibrium framework. All equilibria of our model exhibit wage dispersion. Consistent with stylized facts, the density of wages is decreasing and higher wage firms re...
متن کاملDirected search with multiple job applications
We develop an equilibrium directed search model of the labor market where workers can simultaneously apply for multiple jobs. Our main theoretical contribution is to integrate the portfolio choice problem faced by workers into an equilibrium framework. All equilibria of our model exhibit wage dispersion. Consistent with stylized facts, the density of wages is decreasing and higher wage firms re...
متن کاملJob Market Signaling and Job Search
The high cost of searching for employers borne by prospective employees increases friction in the labor market and inhibits formation of e¢ cient employer-employee relationships. It is conventionally agreed that mechanisms that reduce the search costs (e.g., internet portals for job search) lower unemployment and improve overall welfare. We demonstrate that a reduction of the search costs may h...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2006
ISSN: 0013-0133,1468-0297
DOI: 10.1111/j.1468-0297.2006.01047.x