Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/65944 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
ISER Working Paper Series No. 2012-07
Verlag: 
University of Essex, Institute for Social and Economic Research (ISER), Colchester
Zusammenfassung: 
This paper identifies a data-consistent, equilibrium model of unemployment, wage dispersion, quit turnover and firm growth dynamics. In a separating equilibrium, more productive firms signal their type by paying strictly higher wages in every state of the market. Workers optimally quit to firms paying a higher wage and so move effciently from less to more productive firms. Start-up firms are initially small and grow endogenously over time. Consistent with Gibrat's law, individual firm growth rates depend on firm productivity but not on firm size. Aggregate unemployment evolves endogenously. Restrictions are identified so that the model is consistent with empirical wage distributions.
Schlagwörter: 
wage dispersion
signalling
labor turnover
unemployment
JEL: 
D21
D49
E23
J42
J64
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
379.37 kB





Publikationen in EconStor sind urheberrechtlich geschützt.