English, Article, Journal or magazine article edition: Heterogeneity and Cyclical Unemployment Mark Bils; Yongsung Chang; Sun-Bin Kim

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Bookmark: http://trove.nla.gov.au/version/104701
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Heterogeneity and Cyclical Unemployment
Author
  • Mark Bils
  • Yongsung Chang
  • Sun-Bin Kim
Physical Description
  • preprint
Notes
  • We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion in wage growth across workers and realistic cyclical fluctuations in unemployment.
  • RePEc:nbr:nberwo:15166
  • RePEc:iek:wpaper:0805
  • We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find that the model faces a trade-off-it cannot produce both realistic dispersion in wages across workers and realistic cyclical fluctuations in unemployment.
  • RePEc:roc:rocher:543
Language
  • English
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