Name File Type Size Last Modified
  AKY_FL 10/12/2019 09:01:PM
  AXKY_FL 10/12/2019 09:02:PM
  AX_SS 10/12/2019 09:01:PM
  A_SS 10/12/2019 09:01:PM
  Tools 10/12/2019 09:02:PM
._AKY_FL application/octet-stream 4 KB 10/12/2019 05:02:PM
._AXKY_FL application/octet-stream 4 KB 10/12/2019 05:02:PM
._AX_SS application/octet-stream 4 KB 10/12/2019 05:02:PM
._A_SS application/octet-stream 4 KB 10/12/2019 05:02:PM
._Fortran.sln application/octet-stream 4 KB 10/12/2019 05:01:PM

Project Description

Summary:  View help for Summary 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)

Scope of Project

JEL Classification:  View help for JEL Classification
      D31 Personal Income, Wealth, and Their Distributions
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J41 Labor Contracts
      J63 Labor Turnover; Vacancies; Layoffs


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