Search Results
Title: Mismatch, Sorting and Wage Dynamics
Resulting in 1 citation.
| 1. |
Lise, Jeremy Meghir, Costas Robin, Jean-Marc |
|
Mismatch, Sorting and Wage Dynamics Working Paper W13/16, Institute for Fiscal Studies (IFS), Economic and Social Research Council, January 2013. Also: http://www.ifs.org.uk/wps/wp201316.pdf Cohort(s): NLSY79 Publisher: Institute for Fiscal Studies (IFS), London Keyword(s): Employment; Modeling; Unemployment Insurance; Wage Determination Permission to reprint the abstract has not been received from the publisher. We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact of regulation in a labor market with heterogeneous workers and jobs. To achieve this we develop an equilibrium model of wage determination and employment which extends the current literature on equilibrium wage determination with matching and provides a bridge between some of the most prominent macro models and microeconometric research. The model incorporates productivity shocks, long-term contracts, on-the-job search and counter-offers. Importantly, the model allows for the possibility of assortative matching between workers and jobs due to complementarities between worker and job characteristics. We use the model to estimate the potential gain from optimal regulation and we consider the potential gains and redistributive impacts from optimal unemployment insurance policy. The model is estimated on the NLSY using the method of moments. |
|
|
Bibliography Citation
Lise, Jeremy, Costas Meghir and Jean-Marc Robin. "Mismatch, Sorting and Wage Dynamics." Working Paper W13/16, Institute for Fiscal Studies (IFS), Economic and Social Research Council, January 2013. |