G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13272
DP13272 Selective Hiring and Welfare Analysis in Labor Market Models
Thijs van Rens; Christian Merkl
发表日期2018-10-21
出版年2018
语种英语
摘要Firms select not only how many, but also which workers to hire. Yet, in most labor market models all workers have the same probability of being hired. We argue that selective hiring crucially affects welfare analysis. We set up a model that is isomorphic to a search model under random hiring but allows for selective hiring. With selective hiring, the positive predictions of the model change very little, but implications for welfare are different for two reasons. First, a hiring externality occurs with random but not with selective hiring. Second, the welfare costs of unemployment are much larger with selective hiring, because unemployment risk is distributed unequally across workers.
主题Labour Economics ; Monetary Economics and Fluctuations
关键词Labor market models Welfare Optimal unemployment insurance
URLhttps://cepr.org/publications/dp13272
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/542081
推荐引用方式
GB/T 7714
Thijs van Rens,Christian Merkl. DP13272 Selective Hiring and Welfare Analysis in Labor Market Models. 2018.
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