Comparative advantage and unemployment
成果类型：
Article
署名作者：
Bils, Mark; Chang, Yongsung; Kim, Sun-Bin
署名单位：
University of Rochester; Yonsei University
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2012.01.001
发表日期：
2012
页码：
150-165
关键词：
摘要：
Worker heterogeneity in productivity and labor supply is introduced into a matching model. Workers who earn high wages and work high-hours are identified as those with strong market comparative advantage high rents from being employed. The model is calibrated to match separation, job finding, and employment in the SIPP data. The model predicts a big drop in employment for workers with weak comparative advantage during recessions. But the data show that workers with strong comparative advantage also display sizable employment fluctuations, implying that aggregate employment fluctuations are not explained by the responses of workers with small rents to employment. (C) 2012 Elsevier B.V. All rights reserved.
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