Publikation:

Efficient Firm Dynamics in a Frictional Labor Market

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Kaas_0-318966.pdf
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Datum

2015

Autor:innen

Kaas, Leo
Kircher, Philipp

Herausgeber:innen

Kontakt

ISSN der Zeitschrift

Electronic ISSN

ISBN

Bibliografische Daten

Verlag

Schriftenreihe

Working Paper Series / Department of Economics

Auflagebezeichnung

URI (zitierfähiger Link)
http://nbn-resolving.de/urn:nbn:de:bsz:352-0-318966
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Urheberrechtlich geschützt

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Open Access-Veröffentlichung
Open Access Green

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Wirtschaftswissenschaften: Publikationen
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Titel in einer weiteren Sprache

Publikationstyp
Working Paper/Technical Report
Publikationsstatus
Published

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Zusammenfassung

We develop and analyze a labor market model in which heterogeneous firms operate under decreasing returns and compete for labor by posting long-term contracts. Firms achieve faster growth by offering higher lifetime wages, which allows them to fill vacancies with higher probability, consistent with recent empirical findings. The model also captures several other regularities about firm size, job flows and pay, and generates sluggish aggregate dynamics of labor market variables. In contrast to existing bargaining models with large firms, efficiency obtains and the model allows a tractable characterization over the business cycle.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Labor market search, multi-worker firms, job creation and job destruction

Konferenz

Rezension
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Forschungsvorhaben

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ISO 690KAAS, Leo, Philipp KIRCHER, 2015. Efficient Firm Dynamics in a Frictional Labor Market
BibTex
@techreport{Kaas2015Effic-32716,
  year={2015},
  series={Working Paper Series / Department of Economics},
  title={Efficient Firm Dynamics in a Frictional Labor Market},
  number={2015-09},
  author={Kaas, Leo and Kircher, Philipp}
}
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Interner Vermerk

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