Directed search and job rotation
نویسندگان
چکیده
We consider the impact of job rotation in a directed search model in which rm sizes are endogenously determined and match quality is initially unknown. A large rm bene ts from the opportunity of rotating workers so as to partially overcome loss of mismatch. As a result, in the unique symmetric equilibrium, large rms have higher labor productivity and lower separation rates. In contrast to the standard directed search model with multi-vacancy rms, this model can generate a positive correlation between rm size and wage without introducing any ex ante productivity di¤erences or imposing any non-concave production function assumption. Keywords: Directed Search, Job Rotation, Firm Size and Wage, Firm Size and Labor Productivity JEL Classi cation Codes: L11; J31; J64
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 148 شماره
صفحات -
تاریخ انتشار 2013