EFFICIENCY AND LABOR MARKET DYNAMICS IN A MODEL OF LABOR SELECTION
This article characterizes efficient labor market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Sanjay K. Chugh
|Place of publication:||
HOBOKEN Wiley Periodicals, Inc 01.11.2016
Wiley Subscription Services, Inc
|published in:||International economic review (Philadelphia) Vol. 57; no. 4; pp. 1371 - 1404|
|Data of publication:||20161101|
We thank Sushant Acharya, Susanto Basu, Matteo Cacciatore, Ryan Chahrour, Timothy Fuerst, Simon Gilchrist, Veronica Guerrieri, Joseph Kaboski, Wolfgang Lechthaler, Guido Lorenzoni, Steven Lugauer, Michael Pries, Federico Ravenna, Claire Reicher, Aysegul Sahin, Nicolas Vincent, and Henning Weber for useful feedback at various stages of the project. Sanjay K. Chugh thanks the “Schöller Forschungszentrum” for financial support. Christian Merkl thanks the Fritz Thyssen foundation for financial support during his visit at the National Bureau of Economic Research, where the project was initiated, and the German Science Foundation (SPP 1764). Ana Lariau, Verena Maier, and Kilian Ruppert have provided brilliant research assistance. We received helpful comments at presentations at the Federal Reserve Board, the Federal Reserve Bank of New York, the 2011 SED Meetings, the German Economic Association, Sveriges Riksbank, the Federal Reserve Bank of Cleveland, the Ifo Macro Seminar, the Boston College Macro Lunch Workshop, the University of Notre Dame, the Kiel Institute, and HEC Montréal.
|Database:||Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2016
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