Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58497
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dc.contributor.authorMerkl, Christianen_US
dc.contributor.authorvan Rens, Thijsen_US
dc.date.accessioned2012-05-07en_US
dc.date.accessioned2012-06-15T07:38:26Z-
dc.date.available2012-06-15T07:38:26Z-
dc.date.issued2012en_US
dc.identifier.piurn:nbn:de:101:1-201203145670-
dc.identifier.urihttp://hdl.handle.net/10419/58497-
dc.description.abstractFirms select not only how many, but also which workers to hire. Yet, in standard search models of the labor market, all workers have the same probability of being hired. We argue that selective hiring crucially affects welfare analysis. Our model is isomorphic to a search model under random hiring but allows for selective hiring. With selective hiring, the positive predictions of the model change very little, but the welfare costs of unemployment are much larger because unemployment risk is distributed unequally across workers. As a result, optimal unemployment insurance may be higher and welfare is lower if hiring is selective.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit |x6294en_US
dc.subject.jelE24en_US
dc.subject.jelJ65en_US
dc.subject.ddc330en_US
dc.subject.keywordlabor market modelsen_US
dc.subject.keywordwelfareen_US
dc.subject.keywordoptimal unemployment insuranceen_US
dc.subject.stwArbeitsmarkttheorieen_US
dc.subject.stwArbeitsucheen_US
dc.subject.stwArbeitsnachfrageen_US
dc.subject.stwPersonalauswahlen_US
dc.subject.stwWohlfahrtsanalyseen_US
dc.subject.stwArbeitslosenversicherungen_US
dc.subject.stwTheorieen_US
dc.titleSelective hiring and welfare analysis in labor market modelsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn715288660en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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