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Job Dynamics, Correlated Shocks and Wage Profiles

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorCabrales, Antonio
dc.contributor.authorHopenhayn, Hugo
dc.date.accessioned2009-01-26T11:54:45Z
dc.date.available2009-01-26T11:54:45Z
dc.date.issued1998
dc.description.abstractWe generalize the Mortensen-Pissarides (1994) model of the labor market with a more realistic structure for the stochastic process of the shocks to the worker- rm match. In this way we can acommodate the empirical observation that hazard rates of job termination decrease and average wages increase with job tenure. Besides being able to t better some observables of the model, the changes we introduce are nontrivial for the analysis of policies as well.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10016/3493
dc.language.isoeng
dc.publisherUniversidad Pompeu Fabra. Departamento de Economia y Empresa
dc.relation.ispartofseriesWorking Papers;
dc.relation.ispartofseries1998-260
dc.relation.publisherversionhttp://hdl.handle.net/2072/406
dc.rights.accessRightsopen access
dc.subjectLayolf costs
dc.subjectsearch
dc.subjectlayolf hazard rates
dc.subjectwage-tenure relationship
dc.subject.ecienciaEconomía
dc.subject.jelJ60
dc.subject.jelJ30
dc.titleJob Dynamics, Correlated Shocks and Wage Profiles
dc.typeworking paper*
dspace.entity.typePublication
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