Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations
Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations
复制标题
边缘工作和工作剩余:对离职效率的检验
DOI:
10.1093/restud/rdac045
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发表时间:
2023
期刊:
影响因子:
--
通讯作者:
Zweimüller, Josef
中科院分区:
文献类型:
--
作者:
Jäger, Simon;Schoefer, Benjamin;Zweimüller, Josef
We present a test of Coasean theories of efficient separations. We study a cohort of jobs from the introduction through the repeal of a large age- and region-specific unemployment benefit extension in Austria. In the treatment group, 18.5fewer jobs survive the program period. According to the Coasean view, the destroyed marginal jobs had low joint surplus. Hence, after the repeal, the treatment survivors should be more resilient than the ineligible control group survivors. Strikingly, the two groups instead exhibit identical post-repeal separation behaviour. We provide, and find suggestive evidence consistent with, an alternative model in which wage rigidity drives the inefficient separation dynamics.
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