Labor market dynamics with sorting

IF 1.9 3区 经济学 Q2 ECONOMICS
Bastian Schulz
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引用次数: 0

Abstract

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor market sorting, and aggregate shocks. In response to a positive productivity shock, incentives to sort increase disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U.S. labor market data and produces realistic degrees of wage dispersion and labor market sorting.

劳动力市场动态与分类
本文研究了一个具有双边异质性、生产互补性导致劳动力市场排序和总冲击的动态搜索匹配模型。作为对生产率正面冲击的回应,排序的动机不成比例地增加。企业的反应是增加职位空缺,而这种反应的强度正在提高企业的生产率。失业工人类型的分布调整缓慢,这在短期内放大了就业创造。从长远来看,失业率的下降减少了公司的职位空缺。该模型与美国劳动力市场数据的时间序列时刻密切匹配,并产生了现实程度的工资分散和劳动力市场排序。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.10
自引率
10.50%
发文量
199
期刊介绍: The journal provides an outlet for publication of research concerning all theoretical and empirical aspects of economic dynamics and control as well as the development and use of computational methods in economics and finance. Contributions regarding computational methods may include, but are not restricted to, artificial intelligence, databases, decision support systems, genetic algorithms, modelling languages, neural networks, numerical algorithms for optimization, control and equilibria, parallel computing and qualitative reasoning.
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