Economics, Econometrics and Finance
4 years ago

New equilibrium job search model reveals insights into labor market dynamics.

RePEc: Research Papers in Economics
An Empirical Equilibrium Job Search Model With Search on the Job and Heterogeneous Workers and Firms
Christian Bontemps, Jean‐Marc Robin, Gérard J. van den Berg

Paper Summary

The article presents a new job search model that considers different worker and company abilities. It includes searching for jobs while already employed. The researchers used this model to make predictions and tested it with real job data.

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