Worker Heterogeneity and Endogenous Separations in a Matching Model of Unemployment Fluctuations

被引：25

作者：

Bils, Mark ^{[1
]}

Chang, Yongsung ^{[1
]}

Kim, Sun-Bin ^{[2
]}

机构：

[1] Univ Rochester, Dept Econ, Rochester, NY 14627 USA

[2] Yonsei Univ, Dept Econ, Seoul 120749, South Korea

来源：

AMERICAN ECONOMIC JOURNAL-MACROECONOMICS | 2011年 / 3卷 / 01期

关键词：

EQUILIBRIUM UNEMPLOYMENT; CYCLICAL BEHAVIOR; INSURANCE; DURATION;

D O I：

10.1257/mac.3.1.128

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find that the model faces a trade-off it cannot produce both realistic dispersion in wage growth across workers and realistic cyclical fluctuations in unemployment. (JEL D31, E24, E32, J41, J63)

引用

页码：128 / 154

页数：27

共 34 条

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