Search-theoretic models of the labor market

a survey

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Author

Richard Donald Rogerson

Contributions

Shimer, Robert, 1968- - Contributor
Wright, Randall. - Contributor
National Bureau of Economic Research. - Contributor

Publication

2004 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts

Language

English

Word Count

15,500 words, Guess

Page Count

62 pages

Identifiers

OCLC Control Number56380071
Open LibraryOL17623533M

Description

"We survey search-theoretic models of the labor market and discuss their usefulness for analyzing labor market dynamics, job turnover, and wages. We first examine single-agent models, showing how they can incorporate many interesting features and generate rich predictions. We then consider equilibrium models that endogenize several variables that are treated parametrically in single-agent models, including the arrival rate of job offers and the wage distribution. We survey alternative formulations of these models, emphasizing two key issues: how workers and firms meet, and how wages are determined. We emphasize throughout the implications of alternative assumptions for turnover, wage dispersion, and efficiency"--National Bureau of Economic Research web site.

Subjects

Topics

Labor market Labor supply Econometric models Labor supply -- Econometric models

Series Statement

NBER working paper series -- no. 10655.
Working paper series (National Bureau of Economic Research) -- working paper no. 10655.

Other Editions

Search-theoretic models of the labor marketNational Bureau of Economic Research2004

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