Title of article
omparativeadvantageandunemployment
Author/Authors
Mark Bils، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
16
From page
150
To page
165
Abstract
Workerheterogeneityinproductivityandlaborsupplyisintroducedintoamatching
model.Workerswhoearnhighwagesandworkhigh-hoursareidentifiedasthosewith
strongmarketcomparativeadvantage—high rentsfrombeingemployed.Themodelis
calibratedtomatchseparation,jobfinding,andemploymentintheSIPPdata.The
modelpredictsabigdropinemploymentforworkerswithweakcomparative
advantageduringrecessions.Butthedatashowthatworkerswithstrongcomparative
advantagealsodisplaysizableemploymentfluctuations,implyingthataggregate
employmentfluctuationsarenotexplainedbytheresponsesofworkerswithsmall
rentstoemployment
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846514
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