作者：Burdett, K; Coles, M
作者单位：University of Essex; University of Pennsylvania; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE)
摘要：In this study we consider a labor market matching model where firms post wage-tenure contracts and workers, both employed and unemployed, search for new job opportunities. Given workers are risk averse, we establish there is a unique equilibrium in the environment considered. Although firms in the market make different offers in equilibrium, all post a wage-tenure contract that implies a worker's wage increases smoothly with tenure at the firm. As firms make different offers, there is job turn...
作者：Chesher, A
作者单位：University of London; London School Economics & Political Science; University College London; University of London; University College London
摘要：Weak nonparametric restrictions are developed, sufficient to identify the values of derivatives of structural functions in which latent random variables are nonseparable. These derivatives can exhibit stochastic variation. In a microeconometric context this allows the impact of a policy intervention, as measured by the value of a structural derivative, to vary across people who are identical as measured by covariates. When the restrictions are satisfied quantiles of the distribution of a polic...
