Publikation: Working Effort and Endogenous Job Separations in Search Equilibrium
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2010
Autor:innen
Zaharieva, Anna
Herausgeber:innen
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Working Paper/Technical Report
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Zusammenfassung
This paper considers job separations in a search model with labour market matching and moral hazard. Both workers and firms value productive matches and take actions to increase match stability: firms offer a share of match surplus to provide workers with correct incentives and workers take hidden actions (effort) negatively affecting the match separation rate. Heterogeneous productivity draws combined with the moral hazard problem give rise to match-specific endogenous separation rates. Additionally a counteraction of two effects - match stability and match scarcity - explains an observed asymmetric shape of a wage probability density function with a unique interior mode on the support.
Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
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Matching, separation rate, job stability, effort, wage density
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ZAHARIEVA, Anna, 2010. Working Effort and Endogenous Job Separations in Search EquilibriumBibTex
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author={Zaharieva, Anna}
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