EFFICIENCY AND LABOR MARKET DYNAMICS IN A MODEL OF LABOR SELECTION

被引：9

作者：

Chugh, Sanjay K.

Merkl, Christian

机构：

[1] Ohio State Univ, Columbus, OH 43210 USA

[2] Kiel Inst World Econ, Kiel, Germany

[3] Friedrich Alexander Univ Erlangen Nurnberg FAU, Nurnberg, Germany

[4] IZA Inst, Bonn, Germany

来源：

INTERNATIONAL ECONOMIC REVIEW | 2016年 / 57卷 / 04期

关键词：

CYCLICAL BEHAVIOR; EQUILIBRIUM UNEMPLOYMENT; INDIVISIBLE LABOR; TURNOVER COSTS; JOB SEARCH; VACANCIES; EMPLOYMENT;

D O I：

10.1111/iere.12201

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article characterizes efficient labor market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenousselection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic data, 40% of empirically relevant fluctuations in the job-finding rate arise, which contrasts with results in an efficient search and matching economy. The efficient selection model's results hold in partial and general equilibrium, as well as with sequential search.

引用

页码：1371 / 1404

页数：34

共 35 条

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