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Title:Search capital PDF Logo
Authors:Carrillo-Tudela, Carlos
Smith, Eric
Issue Date:2012
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6366
Abstract:We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that are associated with voluntary or involuntary mobility and with wage rises or wage cuts. It also shows why low wage and younger workers are associated with a higher probability of becoming unemployed.
Subjects:search capital
turnover
wage cuts
JEL:J62
J63
J64
Persistent Identifier of the first edition:urn:nbn:de:101:1-201206146314
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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