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    Wage-directed job match with multiple applications and multiple vacancies: the optimal job application strategy and wage dispersion

    Hori, Kenjiro (2007) Wage-directed job match with multiple applications and multiple vacancies: the optimal job application strategy and wage dispersion. Working Paper. Birkbeck, University of London, London, UK.

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    Abstract

    This paper develops a model of directed-search where workers’ preference for a higher wage is explicitly modelled into their application strategy. In a general setting where jobs offer non-uniform wages and different probabilities of a job offer, the optimal strategy for selecting the set of applied jobs is established. In applying this to a homogeneous-workers job-matching market, the equilibrium outcome is then shown to entail wage dispersion when firms have non-uniform labour demand. Finally a matching function is derived that captures both urnball and multiple-applications frictions, that nests many of the existing functions.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: BWPEF 0711
    Keyword(s) / Subject(s): directed-search, matching function, wage dispersion
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Administrator
    Date Deposited: 26 Mar 2019 15:19
    Last Modified: 06 Aug 2019 20:48
    URI: http://eprints.bbk.ac.uk/id/eprint/26901

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