Job search under asymmetric information: endogenous wage dispersion and unemployment stigma

doi:10.1007/s00199-018-1099-7

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	Job search under asymmetric information: endogenous wage dispersion and unemployment stigma
	Feng, Shuaizhang 1; Lefgren, Lars 2; Platt, Brennan C.2; Zheng, Bingyong 3
刊名	ECONOMIC THEORY
	2019-06
卷号	67 期号:4 页码:817-851
关键词	Wage dispersion Directed search Unemployment stigma Wage scarring
ISSN号	0938-2259
DOI	10.1007/s00199-018-1099-7
英文摘要	We present a model of directed job search with asymmetric information regarding worker type. While job applicants know their productivity type, firms can only observe the duration of unemployment as well as a noisy signal of worker type. Firms can offer an unscreened wage or a wage that is conditioned on passing the screening and the duration of unemployment. This framework leads to three possible equilibria which depend on model parameter values. We describe the circumstances under which each equilibrium may result and the empirical implications of each equilibrium. Our model sheds light into wage scarring, unemployment duration, wage dispersion and firm-wage sorting, as well as the effects of unemployment insurance and minimum wages on search behavior and the distribution of wages.
WOS研究方向	Business & Economics
语种	英语
出版者	SPRINGER
WOS记录号	WOS:000471724900003
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/223]
专题	上海财经大学
通讯作者	Platt, Brennan C.
作者单位	1.Jinan Univ, Inst Econ & Social Res, Guangzhou, Guangdong, Peoples R China; 2.Brigham Young Univ, Dept Econ, Provo, UT 84602 USA; 3.Shanghai Univ Finance & Econ, Sch Econ, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Feng, Shuaizhang,Lefgren, Lars,Platt, Brennan C.,et al. Job search under asymmetric information: endogenous wage dispersion and unemployment stigma[J]. ECONOMIC THEORY,2019,67(4):817-851.
APA	Feng, Shuaizhang,Lefgren, Lars,Platt, Brennan C.,&Zheng, Bingyong.(2019).Job search under asymmetric information: endogenous wage dispersion and unemployment stigma.ECONOMIC THEORY,67(4),817-851.
MLA	Feng, Shuaizhang,et al."Job search under asymmetric information: endogenous wage dispersion and unemployment stigma".ECONOMIC THEORY 67.4(2019):817-851.