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Titel
Returns to on-the-job search and the dispersion of wages / Axel Gottfries (University of Cambridge), Coen Teulings (University of Cambridge, University of Amsterdam and IZA) ; IZA, Institute of Labor Economics
VerfasserGottfries, Axel In Wikipedia suchen nach Axel Gottfries ; Teulings, Coen N. In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Coen N. Teulings
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Forschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2017
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Elektronische Ressource
Umfang1 Online-Ressource (44 Seiten) : Diagramme
SerieDiscussion paper ; no. 10668
URNurn:nbn:de:hbz:5:2-121009 Persistent Identifier (URN)
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Returns to on-the-job search and the dispersion of wages [0.76 mb]
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Zusammenfassung

A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last lay-off. Conditional on the termination date of the job, job duration should be distributed uniformly. This methodology is applied to the NLSY 79. We find remarkably strong support for all implications. The standard deviation of the wage offer distribution is about 15%. OJS accounts for 30% of the experience profile, 9% of total wage dispersion and an average wage loss of 11% following a lay-off.