Aggregate Implications of Employer Search and Recruiting Selection

Bemjamin Villena-Roldan
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Bemjamin Villena-Roldan: University of Rochester

No 97, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: The calibrated model can replicate moments of the distribution of wages and unemployment durations in CPS data. Using this parametrization, I also show that an increase of screening costs reduces inequality and productive efficiency, and decreases negative externalities on other employers.

Date: 2009
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