Directed search and job rotation

• 成果类型: Article
• 署名作者: Li, Fei; Tian, Can
• 署名单位: University of Pennsylvania
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2012.10.004
• 发表日期: 2013
• 页码: 1268-1281
• 关键词: Directed search; Job rotation; Firm size and wage; Firm size and labor productivity

摘要

We consider the impact of job rotation in a directed search model in which firm sizes are endogenously determined and match quality is initially unknown. A large firm benefits from the opportunity to rotate workers so as to partially overcome the loss of mismatch. As a result, in the unique symmetric equilibrium, large firms have higher labor productivity and lower separation rates. In contrast to the standard directed search model with multi-vacancy firms, this model can generate a positive correlation between firm size and wage without introducing any ex ante productivity differences or imposing any non-concave production function assumptions. (C) 2013 Elsevier Inc. All rights reserved.