EconPapers    
Economics at your fingertips  
 

Heterogeneity and Cyclical Unemployment

Mark Bils, Yongsung Chang () and Sun-Bin Kim ()

No 543, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of fluctuations in separations and unemployment. We find that the model faces a trade-off-it cannot produce both realistic dispersion in wages across workers and realistic cyclical fluctuations in unemployment.

New Economics Papers: this item is included in nep-dge and nep-lab
Date: 2008-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://rcer.econ.rochester.edu/RCERPAPERS/rcer_543.pdf full text (application/pdf)
None

Related works:
Working Paper: Heterogeneity and Cyclical Unemployment (2009) Downloads
Working Paper: Heterogeneity and Cyclical Unemployment (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:roc:rocher:543

Access Statistics for this paper

More papers in RCER Working Papers from University of Rochester - Center for Economic Research (RCER) University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by Richard DiSalvo ().

 
Page updated 2019-04-25
Handle: RePEc:roc:rocher:543