Replication data for: Worker Heterogeneity and Endogenous Separations in a Matching Model of Unemployment Fluctuations
Principal Investigator(s): View help for Principal Investigator(s) Mark Bils; Yongsung Chang; Sun-Bin Kim
Version: View help for Version V1
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| AEJMacro-2009-0109.R1_Program | 10/12/2019 09:02:PM | ||
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text/plain | 14.6 KB | 10/12/2019 05:02:PM |
Project Citation:
Bils, Mark, Chang, Yongsung, and Kim, Sun-Bin. Replication data for: Worker Heterogeneity and Endogenous Separations in a Matching Model of Unemployment Fluctuations. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114189V1
Project Description
Summary:
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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. (JEL
D31, E24, E32, J41, J63)
Scope of Project
JEL Classification:
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D31 Personal Income, Wealth, and Their Distributions
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J41 Labor Contracts
J63 Labor Turnover; Vacancies; Layoffs
D31 Personal Income, Wealth, and Their Distributions
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J41 Labor Contracts
J63 Labor Turnover; Vacancies; Layoffs
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