Carrillo-Tudela, C and Smith, E (2012) Search Capital. UNSPECIFIED. CESifo Group Munich, CESifo Working Paper Series, 3741.
Carrillo-Tudela, C and Smith, E (2012) Search Capital. UNSPECIFIED. CESifo Group Munich, CESifo Working Paper Series, 3741.
Carrillo-Tudela, C and Smith, E (2012) Search Capital. UNSPECIFIED. CESifo Group Munich, CESifo Working Paper Series, 3741.
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: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 03 Jul 2012 11:06 |
| Last Modified: | 16 May 2024 18:36 |
| URI: | http://repository.essex.ac.uk/id/eprint/2661 |