Topic: “Wealth, Wages, and Employment” (joint with Per Krusell and Jinfeng Luo)
Abstract:
We look at environements where workers differ on wealth and wages and where they choose which wage/job to look for. They sometimes quit, lose their jobs or switch to other jobs. We use this structure to investigate the degree of job rigidity by matching the cyclical volatility of job to job transitions.
Please see here for more information on the MEF-seminars (Macro/Econometrics/Finance)