Journal ArticleReview of Economic Studies · November 1, 2024
We develop a model of size-based market power in a frictional labour market. In the canonical search environment, competition for workers is encoded in outside options. In our granular setting, large employers remove their own job postings from their worke ...
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Journal ArticleEconometrica · May 1, 2023
Job loss comes with large present value earnings losses which elude workhorse models of unemployment and labor market policy. I propose a parsimonious model of a frictional labor market in which jobs differ in terms of unemployment risk and workers search ...
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Journal ArticleReview of Economic Studies · January 1, 2023
We study a model of over-the-counter trading in which ex ante identical traders invest in a contact technology and participate in bilateral trade. We show that a rich market structure emerges both in equilibrium and in an optimal allocation. There is conti ...
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Journal ArticleJournal of Economic Theory · September 1, 2021
We develop a quantitative framework for exploring how individuals trade off the utility benefit of social activity against the internal and external health risks that come with social interactions during a pandemic. We calibrate the model to external targe ...
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Journal ArticleEconometrica · March 1, 2021
We investigate learning at the workplace. To do so, we use German administrative data that contain information on the entire workforce of a sample of establishments. We document that having more-highly-paid coworkers is strongly associated with future wage ...
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Journal ArticleReview of Economic Studies · July 1, 2019
This article models a frictional labour market where employers endogenously discriminate against the long-term unemployed. The estimated model replicates recent experimental evidence which documents that interview invitations for observationally equivalent ...
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