dc.contributor.author
Sala Lorda, Hector
dc.contributor.author
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada
dc.identifier
https://ddd.uab.cat/record/44385
dc.identifier
urn:oai:ddd.uab.cat:44385
dc.description.abstract
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover Costs (PMLTC) to be the centerpiece to explain why the Spanish labor market is as volatile as the US one. The two driving forces governing this volatility are the gaps between entrants and incumbents in terms of separation costs and productivity. We use the model to analyze the cyclical implications of changes in labor market institutions affecting these two gaps. The scenario with a low degree of workers' heterogeneity illustrates its suitability to understand why the Spanish labor market has become as volatile as the US one.
dc.format
application/pdf
dc.relation
Departament d'Economia Aplicada. Documents de treball ;
dc.rights
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
dc.rights
https://creativecommons.org/licenses/by-nc-nd/2.5/
dc.subject
Mercat de treball Espanya
dc.title
The relevance of post-match LTC : why has the Spanish labor market become as volatile as the US one?
