haku: @indexterm WAGE DETERMINATION / yhteensä: 225
viite: 118 / 225
| Tekijä: | Stern, S. |
| Otsikko: | The effects of firm optimizing behaviour in matching models |
| Lehti: | Review of Economic Studies
1990 : OCT, VOL. 57:4, p. 647-660 |
| Asiasana: | UNEMPLOYMENT PRODUCTIVITY INFORMATION WAGE DETERMINATION MODELS OPTIMIZATION |
| Kieli: | eng |
| Tiivistelmä: | There is valued a matching model of which the search behaviour of Jovanovic (1979) and Albrecht and Jovanovic (1984) are special cases. The nature of the generality is that each unemployed worker has more information than firms about his average productivity. This results in wage offers falling over the lenght of an unemployment spell because a long spell is a signal of lower than average productivity. The results are similar to the scarring effect of Heckman and Borjas (1980) and Greenwald (1986) and the discouraged worker effect of Schweitzer and Smith (1974). |
SCIMA