| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18022 |
| 来源ID | Working Paper 18022 |
| Equilibrium Labor Turnover, Firm Growth and Unemployment | |
| Melvyn G. Coles; Dale T. Mortensen | |
| 发表日期 | 2012-04-26 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper considers a dynamic, non-steady state environment in which wage dispersion exists and evolves in response to shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for higher paying jobs. The model allows for firm turnover (new start-up firms are created, some existing firms die) and firm specific productivity shocks. In a separating equilibrium, more productive firms signal their type by paying strictly higher wages in every state of the market. Consequently, workers always quit to firms paying a higher wage and so move efficiently from less to more productive firms. As a further implication of the cost structure assumed, endogenous firm size growth is consistent with Gibrat's law. The paper provides a complete characterization and establishes existence and uniqueness of the separating (non-steady state) equilibrium in the limiting case of equally productive firms. The existence of equilibrium with any finite number of firm types is also established. Finally, the model provides a coherent explanation of Danish manufacturing data on firm wage and labor productivity dispersion as well as the cross firm relationship between them. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Market Structures ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w18022 |
| 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/575698 |
| 推荐引用方式 GB/T 7714 | Melvyn G. Coles,Dale T. Mortensen. Equilibrium Labor Turnover, Firm Growth and Unemployment. 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 | ||
| w18022.pdf（396KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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