Job dynamics, correlated shocks and wage profiles

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• dc.contributor.author Cabrales, Antonioca
• dc.contributor.author Hopenhayn, Hugo Andrésca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:50:29Z
• dc.date.available 2017-07-26T10:50:29Z
• dc.date.issued 1998-01-01
• dc.date.modified 2017-07-23T02:03:23Z
• 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.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=260
• dc.identifier.uri http://hdl.handle.net/10230/1051
• 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.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword layoff costs
• dc.subject.keyword search
• dc.subject.keyword layoff hazard rates
• dc.subject.keyword wage-tenure relationship
• dc.subject.keyword Microeconomics
• dc.title Job dynamics, correlated shocks and wage profilesca
• dc.type info:eu-repo/semantics/workingPaper