Job dynamics, correlated shocks and wage profiles

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dc.contributor.authorCabrales, Antonioca
dc.contributor.authorHopenhayn, Hugo Andrésca
dc.contributor.otherUniversitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned2017-07-26T10:50:29Z
dc.date.available2017-07-26T10:50:29Z
dc.date.issued1998-01-01
dc.date.modified2017-07-23T02:03:23Z
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-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.format.mimetypeapplication/pdfca
dc.identifierhttps://econ-papers.upf.edu/ca/paper.php?id=260
dc.identifier.urihttp://hdl.handle.net/10230/1051
dc.language.isoeng
dc.relation.ispartofseriesEconomics and Business Working Papers Series; 260
dc.rightsL'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.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.keywordlayoff costs
dc.subject.keywordsearch
dc.subject.keywordlayoff hazard rates
dc.subject.keywordwage-tenure relationship
dc.subject.keywordMicroeconomics
dc.titleJob dynamics, correlated shocks and wage profilesca
dc.typeinfo:eu-repo/semantics/workingPaper

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