Going the Extra Mile: Effort by Workers and Job-Seekers

التفاصيل البيبلوغرافية
العنوان: Going the Extra Mile: Effort by Workers and Job-Seekers
المؤلفون: Matthias S. Hertweck, Stefania Villa, Vivien Lewis
المصدر: SSRN Electronic Journal.
بيانات النشر: Elsevier BV, 2020.
سنة النشر: 2020
مصطلحات موضوعية: Variable (computer science), Determinacy, Labour economics, Seekers, Returns to scale, Marginal product, Economics, Production (economics), Indeterminacy (literature), Mile
الوصف: We introduce two types of effort into an otherwise standard labor search model to examine equilibrium determinacy. Indeterminacy occurs when wages rise sharply in response to a labor market tightening. Variable labor effort gives rise to short-run increasing returns to hours in production. This raises workers’ marginal product and wages, expanding the region of indeterminacy. Variable search effort makes workers search more intensively in a tighter labor market, which limits the rise in wages and shrinks the region of indeterminacy. Indeterminacy disappears completely when vacancy posting costs are replaced with hiring costs.
تدمد: 1556-5068
URL الوصول: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e1dacf99e55e5d02aa2629c8926faf6d
https://doi.org/10.2139/ssrn.3659476
حقوق: OPEN
رقم الأكسشن: edsair.doi.dedup.....e1dacf99e55e5d02aa2629c8926faf6d
قاعدة البيانات: OpenAIRE