| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10175 |
| DP10175 Competitive on-the-job search | |
| Pietro Garibaldi; Espen R. Moen | |
| 发表日期 | 2014-09-28 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The paper proposes a model of on-the-job search and industry dynamics in which search is directed. Firms permanently differ in productivity levels, their production function features constant returns to scale, and search costs are convex in search intensity. Wages are determined in a competitive manner, as firms advertise wage contracts (expected discounted incomes) so as to balance wage costs and search costs (queue length). An important assumption is that a firm is able to sort out its coordination problems with their employees in such a way that the on-the-job search behavior of workers maximizes the match surplus. Our model has several novel features. First, it is close in spirit to the competitive model, with a tractable and unique equilibrium, and is therefore useful for empirical testing. Second, the resulting equilibrium gives rise to an efficient allocation of resources. Third, the equilibrium is characterized by a job ladder, where unemployed workers apply to low productivity firms offering low wages, and then gradually move on to more productive, higher-paying firms. Finally, the equilibrium offers different implications for the dynamics of job-to-job transitions than existing models of random search. |
| 主题 | Labour Economics |
| 关键词 | Directed search Competitive search equilibrium Firm dynamics Efficiency |
| URL | https://cepr.org/publications/dp10175 |
| 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/539007 |
| 推荐引用方式 GB/T 7714 | Pietro Garibaldi,Espen R. Moen. DP10175 Competitive on-the-job search. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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