Publisert i
American Economic Review Papers & Proceedings 100 (2), 2010, pages 343–347
Sammendrag
On the job search is a key feature of real life labor markets. In this paper we present a tractable search model, closely related to the competitive model, in which on-the-job search and wage differentials for identical workers are an optimal response to search frictions and heterogeneous firms. Our model is laid out in detail in ongoing research by Garibaldi and Moen (2009).