| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17746 |
| 来源ID | Working Paper 17746 |
| Directed Search over the Life Cycle | |
| Guido Menzio; Irina A. Telyukova; Ludo Visschers | |
| 发表日期 | 2012-01-12 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We develop a life-cycle model of the labor market in which different worker-firm matches have different quality and the assignment of the right workers to the right firms is time consuming because of search and learning frictions. The rate at which workers move between unemployment, employment and across different firms is endogenous because search is directed and, hence, workers can choose whether to seek low-wage jobs that are easy to find or high-wage jobs that are hard to find. We calibrate our theory using data on labor market transitions aggregated across workers of different ages. We validate our theory by showing that it correctly predicts the pattern of labor market transitions for workers of different ages. Finally, we use our theory to decompose the age profiles of transition rates, wages and productivity into the effects of age variation in work-life expectancy, human capital and match quality. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w17746 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575420 |
| 推荐引用方式 GB/T 7714 | Guido Menzio,Irina A. Telyukova,Ludo Visschers. Directed Search over the Life Cycle. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17746.pdf（966KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
