Efficient Learning and Job Turnover in the Labor Market

Fei Li (lifei@email.unc.edu)

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: This paper studies the dynamics of workers. on-the-job search behavior and its consequences in an equilibrium labor market. In a model with both directed search and learning about the match quality of firm-worker pairs, I highlight the job search target effect of learning: as a worker updates the evaluation of his current job, he adjusts his on-the-job search target, which results in a different job finding rate. This model generates a non-monotonic relation between the employment-to-employment transition rate and tenure, which provides a new explanation of the hump-shaped separation rate-tenure profile

Keywords: Learning; Directed Search; Job Turnover; On-the-job Search; Employment-to-employment Transition (search for similar items in EconPapers)
JEL-codes: D83 J31 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2013-04-19
New Economics Papers: this item is included in nep-dge, nep-lab and nep-lma
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Related works:
Journal Article: EFFICIENT LEARNING AND JOB TURNOVER IN THE LABOR MARKET (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:pen:papers:13-023

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