Add to ORKGWorkers in less secure jobs are often paid less than identical-looking workers in more secure jobs. We show that this lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are identical, and firms differ, but do so only in offered job security (the probability that the worker is not sent into unemployment). In a setting where workers search on and off the job, wages paid increase with job security for at least all firms in the risky tail of the distribution of firm-level unemployment risk. As a result, unemployment spells become persistent for low-wage and unemployed workers, a seeming pattern of ‘unemployment scarring’, that is created entirely by firm heterogeneity alone. Higher in the wage distri...
Exit rates from unemployment and re-employment wages decline over an unemployment period after contr...
Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous w...
Exit rates from unemployment and re-employment wages decline over a period of unemployment, after co...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less-secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Is the arrival rate of a job independent of the wage that it pays? We answer this question by testin...
Exit rates from unemployment and re-employment wages decline over a period of unemployment, after co...
Exit rates from unemployment and re-employment wages decline over an unemployment period after contr...
Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous w...
Exit rates from unemployment and re-employment wages decline over a period of unemployment, after co...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less-secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs....
Workers in less secure jobs are often paid less than identical-looking workers in more secure jobs. ...
Is the arrival rate of a job independent of the wage that it pays? We answer this question by testin...
Exit rates from unemployment and re-employment wages decline over a period of unemployment, after co...
Exit rates from unemployment and re-employment wages decline over an unemployment period after contr...
Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous w...
Exit rates from unemployment and re-employment wages decline over a period of unemployment, after co...