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Returns to On-the-job Search and the Dispersion of Wages

Returns to On-the-job Search and the Dispersion of Wages
Author: Coen N. Teulings
Publisher:
Total Pages: 44
Release: 2017
Genre: Job hunting
ISBN:

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A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last lay-off. Conditional on the termination date of the job, job duration should be distributed uniformly. This methodology is applied to the NLSY 79. We find remarkably strong support for all implications. The standard deviation of the wage offer distribution is about 15%. OJS accounts for 30% of the experience profile, 9% of total wage dispersion and an average wage loss of 11% following a lay-off.


Wage Dispersion

Wage Dispersion
Author: Dale Mortensen
Publisher: MIT Press
Total Pages: 170
Release: 2003
Genre: Business & Economics
ISBN: 9780262633192

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A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.


Job Matching, Wage Dispersion, and Unemployment

Job Matching, Wage Dispersion, and Unemployment
Author: Dale T. Mortensen
Publisher: Oxford University Press, USA
Total Pages: 219
Release: 2011-04-28
Genre: Business & Economics
ISBN: 0199233780

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A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model.


Labor Economics, second edition

Labor Economics, second edition
Author: Pierre Cahuc
Publisher: MIT Press
Total Pages: 1081
Release: 2014-08-15
Genre: Business & Economics
ISBN: 0262325543

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The new edition of a widely used, comprehensive graduate-level text and professional reference covering all aspects of labor economics, with substantial new material. This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Its command of the literature and its coverage of the latest theoretical, methodological, and empirical developments make it also a valuable resource for practicing labor economists. This second edition has been substantially updated and augmented. It incorporates examples drawn from many countries, and it presents empirical methods using contributions that have proved to be milestones in labor economics. The data and codes of these research publications, as well as numerous tables and figures describing the functioning of labor markets, are all available on a dedicated website (www.labor-economics.org), along with slides that can be used as course aids and a discussion forum. This edition devotes more space to the analysis of public policy and the levers available to policy makers, with new chapters on such topics as discrimination, globalization, income redistribution, employment protection, and the minimum wage or labor market programs for the unemployed. Theories are explained on the basis of the simplest possible models, which are in turn related to empirical results. Mathematical appendixes provide a toolkit for understanding the models.


Labor Economics

Labor Economics
Author: Pierre Cahuc
Publisher: MIT Press
Total Pages: 896
Release: 2004
Genre: Business & Economics
ISBN: 9780262033169

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A comprehensive graduate-level text and professional reference covering all aspects of labor economics.


Handbook of Economic Expectations

Handbook of Economic Expectations
Author: Ruediger Bachmann
Publisher: Elsevier
Total Pages: 876
Release: 2022-11-04
Genre: Business & Economics
ISBN: 0128234768

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Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty. Combines information about the creation of economic expectations and their theories, applications and likely futures Provides a comprehensive summary of economics expectations literature Explores empirical and theoretical dimensions of expectations and their relevance to a wide array of subfields in economics


Structural Models of Wage and Employment Dynamics

Structural Models of Wage and Employment Dynamics
Author: Henning Bunzel
Publisher: Emerald Group Publishing
Total Pages: 613
Release: 2006-03-30
Genre: Business & Economics
ISBN: 0444520899

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Selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. It includes papers on some of Professor Dale T. Mortensen's current research topics, as well as additional theoretical papers, and micro- and macro-econometric papers.


Labor Literature

Labor Literature
Author: United States. Department of Labor. Library
Publisher:
Total Pages: 706
Release: 1979
Genre: Labor
ISBN:

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Labor Literature

Labor Literature
Author:
Publisher:
Total Pages: 696
Release: 1979
Genre: Labor
ISBN:

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