Worker mobility in a search model with adverse selection


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CARRILLO-TUDELA, Carlos, Leo KAAS, 2015. Worker mobility in a search model with adverse selection. In: Journal of Economic Theory. 160, pp. 340-386. ISSN 0022-0531. eISSN 1095-7235. Available under: doi: 10.1016/j.jet.2015.10.003

@article{CarrilloTudela2015Worke-32734, title={Worker mobility in a search model with adverse selection}, year={2015}, doi={10.1016/j.jet.2015.10.003}, volume={160}, issn={0022-0531}, journal={Journal of Economic Theory}, pages={340--386}, author={Carrillo-Tudela, Carlos and Kaas, Leo} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dc:contributor>Carrillo-Tudela, Carlos</dc:contributor> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dc:creator>Carrillo-Tudela, Carlos</dc:creator> <dcterms:isPartOf rdf:resource=""/> <dc:creator>Kaas, Leo</dc:creator> <dc:language>eng</dc:language> <bibo:uri rdf:resource=""/> <dcterms:abstract xml:lang="eng">We analyze the effects of adverse selection on worker turnover and wage dynamics in a frictional labor market. We consider a model of on-the-job search where firms offer promotion wage contracts to workers of different abilities, which is unknown to firms at the hiring stage. With sufficiently strong information frictions, low-wage firms offer separating contracts and hire all types of workers in equilibrium, whereas high-wage firms offer pooling contracts, promoting high-ability workers only. Low-ability workers have higher turnover rates and are more often employed in low-wage firms. The model replicates the negative relationship between job-to-job transitions and wages observed in the U.S. labor market.</dcterms:abstract> <dcterms:issued>2015</dcterms:issued> <dspace:isPartOfCollection rdf:resource=""/> <dcterms:title>Worker mobility in a search model with adverse selection</dcterms:title> <dc:date rdf:datatype="">2016-01-27T12:25:00Z</dc:date> <dcterms:available rdf:datatype="">2016-01-27T12:25:00Z</dcterms:available> <dc:contributor>Kaas, Leo</dc:contributor> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> </rdf:Description> </rdf:RDF>

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