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Minimally Altruistic Wages and Unemployment in a Matching Model
Retention Selection and Staffing Employment Wages Mathematical Methods
2015/4/22
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to a...
A Kaldor Matching Model of Real Wage Declines
Kaldor real wage interest rate national debt unemployment benefits
2013/10/18
A model linking macroeconomic phenomena and income distribution in balanced growth equilibria is developed as a variant to the Kaldor model of factor shares. It departs from the original Kaldor model ...
Wages, Training and Job Turnover in a Search-Matching Model
Search equilibrium matching wage dispersion firm-specific human capital
2013/10/17
In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen (2000) to allow for different offer arrival rates in employment and unemployment. ...
Different Skill Levels and Firing Costs in a Matching Model with Uncertainty - An Extension of Mortensen and Pissarides (1994)
Firing costs low-skill unemployment dual labor market vacancies
2013/10/18
A matching model in the line of Mortensen and Pissarides (1994) is augmented with a low- skill labor market and firing costs. It is shown that even with flexible wages unemployment is higher among the...