RT Generic
T1 Job Dynamics, Correlated Shocks and Wage Profiles
A1 Cabrales, Antonio
A1 Hopenhayn, Hugo
K1 Layolf costs
K1 search
K1 layolf hazard rates
K1 wage-tenure relationship
AB We generalize the Mortensen-Pissarides (1994) model of the labor market witha 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.
PB Universidad Pompeu Fabra. Departamento de Economia y Empresa
YR 1998
FD 1998
LK https://hdl.handle.net/10016/3493
UL https://hdl.handle.net/10016/3493
LA eng
DS e-Archivo
RD 28 may. 2024