Essays on the macroeconomics of labor markets
This thesis investigates several macroeconomic aspects of labor markets. First chapter finds that in the US more educated individuals experience lower and less volatile unemployment due to a lower hazard rate of losing a job. A theoretical model with initial on-the-job training illustrates that accu...
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| Tipo de recurso: | tesis doctoral |
| Estado: | Versión publicada |
| Fecha de publicación: | 2012 |
| País: | España |
| Institución: | CBUC, CESCA |
| Repositorio: | TDR. Tesis Doctorales en Red |
| OAI Identifier: | oai:www.tdx.cat:10803/83821 |
| Acceso en línea: | http://hdl.handle.net/10803/83821 |
| Access Level: | acceso abierto |
| Palabra clave: | Search and matching models Labor markets Unemployment Human capital Wage rigidities Job-embodied technical change Models de cerca i aparellament Mercats de treball Desocupació Capital humà Rigideses salarials Canvi tecnològic incorporat als llocs de treball 33 |
| Sumario: | This thesis investigates several macroeconomic aspects of labor markets. First chapter finds that in the US more educated individuals experience lower and less volatile unemployment due to a lower hazard rate of losing a job. A theoretical model with initial on-the-job training illustrates that accumulation of match-specific human capital can explain this empirical pattern. Second chapter develops a theoretical model with state-dependent wage setting. The model predicts that higher wage bargaining costs lead to higher and more volatile unemployment, consistent with some cross-country empirical evidence. Third chapter proposes a method to indirectly measure job-embodied technical change by using data on job tenure. The results show that job-embodied technical change has increased substantially since the midnineties. |
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