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Work Hour Mismatch and On-the-job Search

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  • Keisuke Kawata

    (Graduate School for International Development and Cooperation)

Abstract

This paper explores an on-the-job search model with wage bargaining and mismatch. It considers two types of jobs and workers, and the instantaneous value of the job-worker match depends on their type. The most important assumption is that while the job type is fixed throughout its life, the worker type changes in accordance with a stochastic process. This paper shows that although the workers turnover decision is privately efficient, this decision may be socially inefficient because of the hold-up problem.

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File URL: http://ir.lib.hiroshima-u.ac.jp/metadb/up/ZZT00001/IDEC-DP2_03-6.pdf
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Bibliographic Info

Paper provided by Hiroshima University, Graduate School for International Development and Cooperation (IDEC) in its series IDEC DP2 Series with number 3-6.

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Length: 30 pages
Date of creation: Oct 2013
Date of revision:
Handle: RePEc:hir:idecdp:3-6

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Web page: http://www.hiroshima-u.ac.jp/en/idec/
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Keywords: On-the-job search; Wage bargaining; Mismatch; Holdup problem;

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