Experience and Worker Flows
No 154, 2012 Meeting Papers from Society for Economic Dynamics
This paper studies a labor market where workers have incomplete information about the quality of their employment match. The model allows past experience to provide information about the quality of a new match. Allowing workers to learn from past job experience generates a decline in job finding and job separation rates with age that is consistent with patterns found in the data. To provide evidence of this learning mechanism, the model generates a prediction that wage volatility on a new job should decline with past job experience. This decline in wage volatility is documented in data from NLSY79.
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Journal Article: Experience and worker flows (2016)
Working Paper: Experience and Worker Flows (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed012:154
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More papers in 2012 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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