JOB MATCHING WITHIN AND ACROSS FIRMS

• 成果类型: Article
• 署名作者: Pastorino, Elena
• 署名单位: University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12117
• 发表日期: 2015
• 页码: 647-671
• 关键词: promotion dynamics; wages rise; mobility; seniority; experience

摘要

This article proposes a matching model of the labor market in the presence of uncertainty and learning about ability that provides a simple unified framework for analyzing the dynamics of jobs and wages within firms and in the labor market. The model allows for different degrees of generality of ability as well as speeds of learning across jobs and firms. Equilibrium assignments and wages are consistent with a broad range of empirical findings on careers, suggest a novel interpretation for well-documented patterns, and help explain features of careers usually thought difficult to reconcile with the presence of uncertainty and learning.