Ayuda
Ir al contenido

Dialnet


Resumen de Efficiency and labor market dynamics in a model of labor selection

Sanjay K. Chugh, Christian Merkl

  • 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 data, 40% of empirically relevant fluctuations in the job-finding rate arise, which contrasts with results in an efficient search and matching economy. The efficient selection model's results hold in partial and general equilibrium, as well as with sequential search. [ABSTRACT FROM AUTHOR]


Fundación Dialnet

Dialnet Plus

  • Más información sobre Dialnet Plus