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Mismatch versus Derived-Demand Shift as Causes of Labour Mobility

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Author Info
Bull, Clive
Jovanovic, Boyan

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Abstract

Labor mobility may be caused by shifts in the derived demand for labor on the part of firms or s ectors, or it may be caused by mismatches between workers and their j obs. Both reasons may be important, and this paper merges them into o ne model. It explores the consequences for (1) wage-tenure relationsh ips and (2) the issue of sluggishness of wages caused by the implied selectivity of workers into preferred jobs and sectors. Copyright 1988 by The Review of Economic Studies Limited.

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Publisher Info
Article provided by Blackwell Publishing in its journal Review of Economic Studies.

Volume (Year): 55 (1988)
Issue (Month): 1 (January)
Pages: 169-75
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Handle: RePEc:bla:restud:v:55:y:1988:i:1:p:169-75

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  1. Michael Waldman, 1988. "Interpreting Evidence on Returns to Tenure: The Significance of Quasi-Specific Human Capital," UCLA Economics Working Papers 479, UCLA Department of Economics. [Downloadable!]
  2. Robert Gibbons & Lawrence F. Katz, 1992. "Does Unmeasured Ability Explain Inter-Industry Wage Differentials?," NBER Working Papers 3182, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Tomohiro Machikita, 2005. "Career Crisis? The Impacts of Financial Shock on Entry-Level Labour Market: Experimental Evidences from Thailand in 1997," Hi-Stat Discussion Paper Series d04-79, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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