Job dynamics, correlated shocks and wage profiles

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dc.contributor	Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.contributor.author	Cabrales, Antonio
dc.contributor.author	Hopenhayn, Hugo Andrés
dc.date	1998-01-01
dc.identifier.citation	https://econ-papers.upf.edu/ca/paper.php?id=260
dc.identifier.uri	http://hdl.handle.net/10230/1051
dc.format	application/pdf
dc.language.iso	eng
dc.relation	Economics and Business Working Papers Series; 260
dc.rights	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject	layoff costs
dc.subject	search
dc.subject	layoff hazard rates
dc.subject	wage-tenure relationship
dc.subject	Microeconomics
dc.title	Job dynamics, correlated shocks and wage profiles
dc.type	info:eu-repo/semantics/workingPaper
dc.description.abstract	We generalize the Mortensen-Pissarides (1994) model of the labor market with a more realistic structure for the stochastic process of the shocks to the worker-firm match. In this way we can acommodate the empirical observation that hazard rates of job termination decrease and average wages increase with job tenure. Besides being able to fit better some observables of the model, the changes we introduce are nontrivial for the analysis of policies as well.

Hopenhayn, Hugo Andrés

Hopenhayn, Hugo Andrés; Muniagurría, Maria E.

Hopenhayn, Hugo Andrés; Werner, Ingrid M.

García-Fontes, Walter; Hopenhayn, Hugo Andrés

Pollock, Gregory B.; Cabrales, Antonio; Rissing, Steven W.

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