Competing Auctions of Skills

Publikation: Working paper › Forskning

Standard

Competing Auctions of Skills. / Kennes, John; le Maire, Christian Daniel.

Kbh. : Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen, 2014.

Publikation: Working paper › Forskning

Harvard

Kennes, J & le Maire, CD 2014 'Competing Auctions of Skills' Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen, Kbh. <https://www.econ.ku.dk/cam/wp0910/CAMwp1_14.pdf>

APA

Kennes, J., & le Maire, C. D. (2014). Competing Auctions of Skills. Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen. CAM working papers Bind 2014 Nr. 01 https://www.econ.ku.dk/cam/wp0910/CAMwp1_14.pdf

Vancouver

Kennes J, le Maire CD. Competing Auctions of Skills. Kbh.: Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen. 2014.

Author

Kennes, John ; le Maire, Christian Daniel. / Competing Auctions of Skills. Kbh. : Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen, 2014. (CAM working papers; Nr. 01, Bind 2014).

Bibtex

@techreport{b99a1605d639471c996a040cf170d5e8,
title = "Competing Auctions of Skills",
abstract = "The model of competing sellers McAfee (1993) is applied to a labor market environment with heterogeneous workers, who differ by outside option and skill type, and heterogeneous firms, who differ by the amount of output produced when matched to each possible worker tyoe. We derive both a static and a dynamic version of this model where workers can entertain offers while employed and unemployed. A simple estimated benchmark version of the dynamic model gives a reasonable approximation of the statistical moments of both the aggregate wage and productivity distribution in Denmark. We also use the simple benchmark model to explore further implications of the theory. For example, we find that observed inter-temporal changes in the overall distribution of wages are not predicted by a simple model of no-comparative advantage. ",
keywords = "Faculty of Social Sciences, Competing auctions, on-the-job search, heterogeneous firms, skills, supermodularity, non-degenerate job offer distribution",
author = "John Kennes and {le Maire}, {Christian Daniel}",
note = "JEL Classification: J64; J63; E32",
year = "2014",
language = "English",
series = "CAM working papers",
number = "01",
publisher = "Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen",
type = "WorkingPaper",
institution = "Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Competing Auctions of Skills

AU - Kennes, John

AU - le Maire, Christian Daniel

N1 - JEL Classification: J64; J63; E32

PY - 2014

Y1 - 2014

N2 - The model of competing sellers McAfee (1993) is applied to a labor market environment with heterogeneous workers, who differ by outside option and skill type, and heterogeneous firms, who differ by the amount of output produced when matched to each possible worker tyoe. We derive both a static and a dynamic version of this model where workers can entertain offers while employed and unemployed. A simple estimated benchmark version of the dynamic model gives a reasonable approximation of the statistical moments of both the aggregate wage and productivity distribution in Denmark. We also use the simple benchmark model to explore further implications of the theory. For example, we find that observed inter-temporal changes in the overall distribution of wages are not predicted by a simple model of no-comparative advantage.

AB - The model of competing sellers McAfee (1993) is applied to a labor market environment with heterogeneous workers, who differ by outside option and skill type, and heterogeneous firms, who differ by the amount of output produced when matched to each possible worker tyoe. We derive both a static and a dynamic version of this model where workers can entertain offers while employed and unemployed. A simple estimated benchmark version of the dynamic model gives a reasonable approximation of the statistical moments of both the aggregate wage and productivity distribution in Denmark. We also use the simple benchmark model to explore further implications of the theory. For example, we find that observed inter-temporal changes in the overall distribution of wages are not predicted by a simple model of no-comparative advantage.

KW - Faculty of Social Sciences

KW - Competing auctions

KW - on-the-job search

KW - heterogeneous firms

KW - skills

KW - supermodularity

KW - non-degenerate job offer distribution

M3 - Working paper

T3 - CAM working papers

BT - Competing Auctions of Skills

PB - Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen

CY - Kbh.

ER -

ID: 101008811