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http://hdl.handle.net/10016/3493
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| Title: | Job Dynamics, Correlated Shocks and Wage Profiles |
| Author(s): | Cabrales, Antonio [acabrale]
Hopenhayn, Hugo |
| Publisher: | Universidad Pompeu Fabra. Departamento de Economia y Empresa |
| Issued date: | 1998 |
| URI: | http://hdl.handle.net/10016/3493 |
| Abstract: | We 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. |
| Serie / Nº.: | Working Papers;
1998-260 |
| Publisher version: | http://hdl.handle.net/2072/406 |
| Subject: | Layolf costs
search
layolf hazard rates
wage-tenure relationship |
| JEL Classification: | J60
J30 |
| Appears in Collections: | DE - Otros documentos
Economists Online
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