ON-THE-JOB SEARCH, PRODUCTIVITY SHOCKS, AND THE INDIVIDUAL EARNINGS PROCESS

Individual labor earnings observed in worker panel data have complex, highly persistent dynamics. We investigate the capacity of a structural job search model with on-the-job search, wage renegotiation by mutual consent, and i. i. d. productivity shocks to replicate salient properties of these dynam...

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Bibliographic details
Volume:	51
Main Author:	Fabien Postel-vinay Hélène Turon
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	Malden, USA Wiley Periodicals on behalf of the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association 01.08.2010 Blackwell Publishing Inc WILEY-BLACKWELL PUBLISHING, INC Wiley Subscription Services, Inc
published in:	International economic review (Philadelphia) Vol. 51; no. 3; pp. 599 - 629
Data of publication:	20100801
ISSN:	0020-6598 1468-2354
EISSN:	1468-2354
Discipline:	Economics
Bibliography:	Manuscript received August 2006; revised July 2008. Fabien.Postel‐Vinay@bristol.ac.uk The authors thank Gadi Barlevy, Jeff Campbell, Morris Davis, Jean‐Marc Robin, Rob Shimer, and Randy Wright for their inspiring thoughts on this article and two anonymous referees for very constructive suggestions. Very useful feedback was also received from conference participants at the 2005 Essex Thanksgiving conference and the 2006 SED meeting (Vancouver), and seminar audiences at Bristol, Paris I, CREST, UCL, Queen Mary, Kent, Carnegie Mellon, Minnesota, the Chicago Fed, Toulouse, and Oxford. Postel‐Vinay gratefully acknowledges financial support from the ESRC (grant reference RES‐063‐27‐0090). The usual disclaimer applies. Please address correspondence to: Fabien Postel‐Vinay, Department of Economics, University of Bristol, 8 Woodland Road, Bristol BS8 1TN, U.K. Phone: +44(0)117‐928‐8431. Fax: +44(0)791‐350‐8660. E‐mail .
Subjects:	Productivity Statistical variance Economic models Job hunting Employment Labor markets Mathematical moments Wages Unemployment Modeling Economics Business & Economics Social Sciences WAGE HETEROGENEITY CONTRACTS DYNAMICS INSURANCE MODEL EMPLOYMENT COVARIANCE STRUCTURE UNEMPLOYMENT CYCLE
Online Access:	Fulltext
Database:	Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index - 2010 Web of Science Academic OneFile (A&I only) Database information Databases - DBIS