18 results with keyword: 'directed search for equilibrium wage tenure contracts'
However, in the current model, the density function of the distribution of employed workers over wages is increasing at low wages and decreasing at high wages.. This non-monotonic
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Consistent with stylized facts, the equilibrium predicts that (i) wages increase with tenure, (ii) job-to-job transitions decrease with tenure and wages, and (iii) wage mobility
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When designing an optimal contract, each firm takes as given (a) F, the distribu- tion of contracts offered by other firms in the market, (b) V u , the expected lifetime utility of
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When the median is matched in the estimation, the result implies blacks are more productive than whites and 96.5% of firms are prejudiced with a distaste as high as 97.5% of the
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For example, we find that at the same wage level, majority workers almost always experience a faster wage increase than the minority workers; minority workers have a
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As a mass of …rms o¤er starting contract with value U ; this more generous deviating contract reduces the new hire’s initial quit rate by a discrete amount and so raises steady
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10.8+ First Amendment effective as of January 1, 2013 to the Amended and Restated Employment Agreement dated as of August 20, 2012 by and between Travis Stice and Windsor Permian
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All of the scapular motion prismatic actuators attach with a revolute joint that allows for rotation in the frontal plane, and insert with a universal joint to allow internal
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We identify five levels of the wage posted in the previous period by a firm, which allow full characterization of current wage choices in Markov-perfect equilibrium: an exit wage,
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You are bound to have some concerns about the energy efficiency of your house. Perhaps you would like to change to a futureproof energy supply. The largest energy consumer is
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In this paper we argue that a large proportion of the observed “residual” wage dispersion can be explained as a consequence of the basic coordination problem that underlies
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In this paper we argue that a large proportion of the observed “residual” wage dispersion can be explained as a consequence of the basic coordination problem that underlies
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§ The New York City economy is expected to lose an estimated 108,500 jobs within the first month following the September 11 attack on the World Trade Center as a direct result of
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© German Advisory Group © Institute for Economic Research and Policy
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Nucleotide sequence of the transforming early region Elb of adenovirus type 12 DNA: structure and gene organization, and comparison with those of adenovirus type 5 DNA. Nucleic
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Abstract: We apply the discrimination search model with wage-tenure contracts to NLSY79 data to study race/gender wage inequality with a focus on distinguishing
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Did not Increase matching funds for Year 4 of TIF Grant 864,415 Reinstate Negative Recommended Adjustment to be covered by. Carryover of Current Year State Revenues in excess of
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