| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14428 |
| DP14428 The Cost of Job Loss | |
| Kenneth Burdett; Carlos Carrillo-Tudela; Melvyn G Coles | |
| 发表日期 | 2020-02-21 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper identifies an equilibrium theory of wage formation and endogenous quit turnover in a labour market with on-the-job search, where risk averse workers accumulate human capital through learning-by-doing and lose skills while unemployed. Optimal contracting implies the wage paid increases with experience and tenure. Indirect inference using German data determines the deep parameters of the model. The estimated model not only reproduces the large and persistent fall in wages and earnings following job loss, a new structural decomposition finds foregone human capital accumulation (while unemployed) is the worker's major cost of job loss. |
| 主题 | Labour Economics |
| 关键词 | Job search Human capital accumulation Job loss |
| URL | https://cepr.org/publications/dp14428 |
| 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/543324 |
| 推荐引用方式 GB/T 7714 | Kenneth Burdett,Carlos Carrillo-Tudela,Melvyn G Coles. DP14428 The Cost of Job Loss. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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