منابع مشابه
Wage-Employment Contracts
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متن کاملWage-experience Contracts and Employment Status
The objective of this paper is to study equilibrium in a labour market in which identical firms post wage-contracts and ex-ante identical workers search on the job. The main novelty of this paper is to generate dispersion in contract offers by allowing firms to condition their offers on workers’ initial experience and employment status although these characteristics do not affect productivity. ...
متن کاملWage-tenure Contracts, Experience and Employment Status
The objective of this paper is to study equilibrium in a labour market with search frictions à la Burdett and Mortensen (1998). Identical firms post wage-contracts and ex-ante identical workers search for a job while unemployed and for a better one while employed. Although this situation has been analysed before, Stevens (2004) and Burdett and Coles (2003), the main novelty of this paper is to ...
متن کاملEquilibrium Wage - Tenure Contracts By
In this study we consider a labor market matching model where firms post wagetenure contracts and workers, both employed and unemployed, search for new job opportunities. Given workers are risk averse, we establish there is a unique equilibrium in the environment considered. Although firms in the market make different offers in equilibrium, all post a wage-tenure contract that implies a worker’...
متن کاملWage Determination and Employment Fluctuations
Following a recession, the aggregate labor market is slack—employment remains below normal and recruiting efforts of employers, as measured by vacancies, are low. A model of matching frictions explains the qualitative responses of the labor market to adverse shocks, but requires implausibly large shocks to account for the magnitude of observed fluctuations. The incorporation of wage-setting fri...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1983
ISSN: 0033-5533
DOI: 10.2307/1885379