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Aggregate Implications of Employer Search and Recruiting Selection

  • Bemjamin Villena-Roldan

    (University of Rochester)

The calibrated model can replicate moments of the distribution of wages and unemployment durations in CPS data. Using this parametrization, I also show that an increase of screening costs reduces inequality and productive efficiency, and decreases negative externalities on other employers.

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Paper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 97.

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Date of creation: 2009
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Handle: RePEc:red:sed009:97
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Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA

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