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Search Capital

Carrillo-Tudela, C and Smith, E (2012) Search Capital. UNSPECIFIED. CESifo Group Munich, CESifo Working Paper Series, 3741.

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Abstract

We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that are associated with voluntary or involuntary mobility and with wage rises or wage cuts. It also shows why low wage and younger workers are associated with a higher probability of becoming unemployed.

Item Type: Monograph (UNSPECIFIED)
Uncontrolled Keywords: search capital; turnover; wage cuts
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 03 Jul 2012 11:06
Last Modified: 06 Jan 2022 13:30
URI: http://repository.essex.ac.uk/id/eprint/2661

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