Arbeitspapier
Filtering with search
A firm monopsonistically hires labor from a pool containing both skilled and unskilled workers. The marginal value of a worker depends on the match between the job and the worker's skill level. Unskilled workers can have negative productivity if they are placed in a skilled job. The firm cannot distinguish the two types. The workers are initially dispersed and search for the high wage jobs from the firm. The workers' skill levels are correlated with their patience; equivalently, they obtain indirect benefits, such as non-firm-specific career capital, from jobs that use their skill appropriately. By judiciously choosing different wages for different types of jobs, the firm can partially filter the appropriate worker types and match them with the appropriate jobs. This mechanism works because the probability structure of the job offers changes as searchers accept jobs. This entails a delay in hiring workers who search, but the benefits from filtering that are requisite with the delay can exceed the benefits of hiring all workers immediately without filtering. The wage differentials assumed in standard search models are therefore motivated.
- Language
-
Englisch
- Bibliographic citation
-
Series: HWWA Discussion Paper ; No. 151
- Classification
-
Wirtschaft
Unemployment: Models, Duration, Incidence, and Job Search
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
- Subject
-
Arbeitsnachfrage
Arbeitsuche
Qualifikation
Lohnstruktur
Matching
Zeitökonomik
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Taub, Bart
- Event
-
Veröffentlichung
- (who)
-
Hamburg Institute of International Economics (HWWA)
- (where)
-
Hamburg
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Taub, Bart
- Hamburg Institute of International Economics (HWWA)
Time of origin
- 2001
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