| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14430 |
| DP14430 On-the-job Search and the Productivity-Wage Gap | |
| Sushant Acharya; Shu Lin Wee | |
| 发表日期 | 2020-02-21 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We examine how worker and firm on-the-job search have differential impacts on the productivity-wage gap. While an increase in both worker and firm on-the-job search raise productivity, they have opposing effects on wages. Increased worker on-the-job search raises workers' outside options, allowing them to demand higher wages. Increased firm on-the-job search improves firms' bargaining position relative to workers' by raising job insecurity and the wedge between hiring and meeting rates. This allows firms to pass-through a smaller share of productivity to wages, enlarging the productivity-wage gap. Quantitatively, the model can account for the observed widening US productivity-wage gap over time. |
| 主题 | Labour Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | On-the-job search Replacement hiring Productivity-wage gap Unemployment Labor share |
| URL | https://cepr.org/publications/dp14430 |
| 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/543327 |
| 推荐引用方式 GB/T 7714 | Sushant Acharya,Shu Lin Wee. DP14430 On-the-job Search and the Productivity-Wage Gap. 2020. |
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