HAL will be down for maintenance from Friday, June 10 at 4pm through Monday, June 13 at 9am. More information
Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Mismatch, Sorting and Wages Dynamics

Abstract : We develop an empirical search-matching model which is suitable for analyzing the wage, employment and welfare impact of regulation in a labor market with heterogeneous workers and jobs. To achieve this we develop an equilibrium model of wage determination and employment which extends the current literature on equilibrium wage determination with matching and provides a bridge between some of the most prominent macro models and microeconometric research. The model incorporates productivity shocks, long-term contracts, on-the-job search and counter-offers. Importantly, the model allows for the possibility of assortative matching between workers and jobs due to complementarities between worker and job characteristics. We use the model to estimate the potential gain from optimal regulation and we consider the potential gains and redistributive impacts from optimal unemployment insurance policy. Here optimal policy is defined as that which maximizes total output and home production, accounting for the various constraints that arise from search frictions. The model is estimated on the NLSY using the method of moment.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03473908
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Friday, December 10, 2021 - 6:03:19 AM
Last modification on : Friday, March 25, 2022 - 3:58:08 AM

File

2013-wp-lise-meghir-robin-mism...
Files produced by the author(s)

Identifiers

Collections

Citation

Jeremy Lise, Costas Meghir, Jean-Marc Robin. Mismatch, Sorting and Wages Dynamics. 2013. ⟨hal-03473908⟩

Share

Metrics

Record views

1

Files downloads

2