Add to ORKGAbstract This paper studies firms' job creation decisions in a labor market with search frictions. A simple labor market search model is developed in which a firm can search for a second employee while producing with a first worker. A firm expands employment even if the instantaneous payoff to a large firm is less than that of staying small-a firm has a precautionary motive to expand its size. In addition, this motive is enhanced by a greater market tightness. Because of this effect, firms' decisions become interdependent-a firm creates a vacancy if it expects other firms to do the same, creating strategic complementarity among firms and thereby self-fulfilling multiple equilibria. JEL classification: E24, J2
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This dissertation considers three separate applications of the theory of search and matching equilib...
This paper investigates the strategic behaviors of firms and workers in an equilibrium job-search mo...
This paper studies firms' job creation decisions in a labor market with search frictions. A simple l...
On the job search is a key feature of real life labor markets. In this paper we present a tractable ...
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The introduction of firm size into labor search models raises the question how wages are set when av...
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In this paper we study the allocation of workers over high and low productivity firms in a labor mar...
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This dissertation considers three separate applications of the theory of search and matching equilib...
This paper develops a microeconomic model of directed search, where firms are heterogeneous in the n...
This dissertation considers three separate applications of the theory of search and matching equilib...
This paper investigates the strategic behaviors of firms and workers in an equilibrium job-search mo...
This paper studies firms' job creation decisions in a labor market with search frictions. A simple l...
On the job search is a key feature of real life labor markets. In this paper we present a tractable ...
The paper proposes a model of on- and off-the-job search that combines convex hiring costs and direc...
The introduction of firm size into labor search models raises the question how wages are set when av...
I develop a directed search model of the labor market in which firms choose a re-cruiting intensity,...
Labor market intermediaries play an important role in turnover in many labor markets. This paper ana...
The economics of search study the implications of frictions for individual behavior and market perfo...
I study the labor market implications of limited information inherent in the job search pro- cess. I...
The paper proposes a model of on-the-job search and industry dynamics in which search is directed. F...
In this paper we study the allocation of workers over high and low productivity firms in a labor mar...
This paper presents an equilibrium labor search model in which workers can simultaneously apply to m...
This dissertation considers three separate applications of the theory of search and matching equilib...
This paper develops a microeconomic model of directed search, where firms are heterogeneous in the n...
This dissertation considers three separate applications of the theory of search and matching equilib...
This paper investigates the strategic behaviors of firms and workers in an equilibrium job-search mo...