Merkl C, Chugh S (2016)
Publication Language: English
Publication Type: Journal article
Publication year: 2016
Publisher: Wiley-Blackwell: No OnlineOpen
Book Volume: 57
Pages Range: 1371-1404
Journal Issue: 4
DOI: 10.1111/iere.12201
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 endogenousselection threshold for new hires. With cross-sectional dispersion calibrated to microeconomicdata, 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.
APA:
Merkl, C., & Chugh, S. (2016). Efficiency and Labor-Market Dynamics in a Model of Labor Selection. International Economic Review, 57(4), 1371-1404. https://dx.doi.org/10.1111/iere.12201
MLA:
Merkl, Christian, and Sanjay Chugh. "Efficiency and Labor-Market Dynamics in a Model of Labor Selection." International Economic Review 57.4 (2016): 1371-1404.
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