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http://hdl.handle.net/10419/36185
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| Title: | | Job search with bidder memories  |
| Authors: | | Carrillo-Tudela, Carlos Menzio, Guido Smith, Eric |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA Discussion Papers 4319 |
| Abstract: | | This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this difference when hiring a worker. When a worker first meets a firm, the firm offers the worker a sufficient share of the match rents to avoid a bidding war in the future. The pair share the gains to trade. In this case, the Diamond paradox no longer holds. |
| Subjects: | | Job search recall wage determination Diamond paradox |
| JEL: | | J24 J42 J64 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20090825586 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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