| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8257 |
| DP8257 Sorting and the output loss due to search frictions | |
| Coen N. Teulings; Pieter A. Gautier | |
| 发表日期 | 2011-02-21 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the max-mean wage differential. The latter measure of wage dispersion is more robust than measures based on the reservation wage, due to the long left tail of the wage distribution. We estimate this wage differential using data on match quality and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment rate of 4-6%. We find that without search frictions, output would be between 7.5% and 18.5% higher, depending on whether or not firms can ex ante commit to wage payments. |
| 主题 | Labour Economics |
| 关键词 | Mismatch On-the-job search Sorting Unemployment |
| URL | https://cepr.org/publications/dp8257 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537094 |
| 推荐引用方式 GB/T 7714 | Coen N. Teulings,Pieter A. Gautier. DP8257 Sorting and the output loss due to search frictions. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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