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Title: Job Search, Bargaining, and Wage Dynamics
Resulting in 1 citation.
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Yamaguchi, Shintaro |
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Job Search, Bargaining, and Wage Dynamics Journal of Labor Economics 28,3 (July 2010): 595-631. Also: http://www.jstor.org/stable/10.1086/651954 Cohort(s): NLSY79 Publisher: University of Chicago Press Keyword(s): Bargaining Model; Human Capital; Job Search; Wage Determination; Wage Dynamics; Wage Growth This article constructs and estimates a model of wage bargaining with on-the-job search to explore three different components of wages: general human capital, match-specific capital, and outside options. As the workers find better job opportunities, the current employer has to compete with outside firms to retain them. This between-firm competition results in wage growth even when productivity remains the same. The model is estimated by a simulated minimum distance estimator and data from the 1979 National Longitudinal Study of Youth. The results indicate that the improved value of the outside option raises wages by 14%–16% in the first 5 years. |
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Bibliography Citation
Yamaguchi, Shintaro. "Job Search, Bargaining, and Wage Dynamics." Journal of Labor Economics 28,3 (July 2010): 595-631.
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