Life‐Cycle Labor Search with Stochastic Match Quality
Life‐Cycle Labor Search with Stochastic Match Quality
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具有随机匹配质量的生命周期劳动力搜索
DOI：
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发表时间：
2014
期刊：
影响因子：
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通讯作者：
J. Fujimoto
中科院分区：
文献类型：
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作者：
Julen Esteban‐Pretel;J. Fujimoto
在美国，失业率、找工作率和离职率随着工人年龄的增长而下降。为了解释这些事实，我们构建了一个包含生命周期结构、随机匹配质量和人力资本积累的劳动力市场搜索和匹配模型。校准模型成功地再现了经验模式的失业率和职业转换率在生命周期，并产生合理的工资影响。然后，我们探讨了模型的效率影响，并发现市场和计划分配之间的差异是更重要的老年工人。
In the United States, unemployment, job finding, and separation rates decline as worker age increases. To explain these facts, we build a search and matching model of the labor market that incorporates a life‐cycle structure and features random match quality as well as human capital accumulation. The calibrated model successfully reproduces the empirical patterns of unemployment and job transition rates over the life cycle and generates plausible wage implications. We then explore the efficiency implications of the model and find that the differences between the market and planner allocations are more important for older workers.