Job Dynamics, Correlated Shocks and Wage Profiles

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dc.contributor.author Cabrales, Antonio
dc.contributor.author Hopenhayn, Hugo
dc.date.accessioned 2009-01-26T11:54:45Z
dc.date.available 2009-01-26T11:54:45Z
dc.date.issued 1998
dc.identifier.uri http://hdl.handle.net/10016/3493
dc.description.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.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Universidad Pompeu Fabra. Departamento de Economia y Empresa
dc.relation.ispartofseries Working Papers;
dc.relation.ispartofseries 1998-260
dc.subject Layolf costs
dc.subject search
dc.subject layolf hazard rates
dc.subject wage-tenure relationship
dc.title Job Dynamics, Correlated Shocks and Wage Profiles
dc.type workingPaper
dc.relation.publisherversion http://hdl.handle.net/2072/406
dc.subject.jel J60
dc.subject.jel J30
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
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