Job dynamics, correlated shocks and wage profiles

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Cabrales, Antonio; Hopenhayn, Hugo. Job dynamics, correlated shocks and wage profiles. 1998
http://hdl.handle.net/10230/1051
To cite or link this document: http://hdl.handle.net/10230/1051
dc.contributor.author Cabrales, Antonio
dc.contributor.author Hopenhayn, Hugo
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 1998-01-01
dc.identifier.uri http://hdl.handle.net/10230/1051
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-firm 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 fit better some observables of the model, the changes we introduce are nontrivial for the analysis of policies as well.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 260
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Job dynamics, correlated shocks and wage profiles
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:13:55Z
dc.subject.keyword Microeconomics
dc.subject.keyword layoff costs
dc.subject.keyword search
dc.subject.keyword layoff hazard rates
dc.subject.keyword wage-tenure relationship
dc.rights.accessRights info:eu-repo/semantics/openAccess


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