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Replication data for: Efficient Firm Dynamics in a Frictional Labor Market

Version
1
Resource Type
Dataset
Creator
  • Kaas, Leo
  • Kircher, Philipp
Publication Date
2015-10-01
Description
  • Abstract

    We develop and analyze a labor market model in which heterogeneous firms operate under decreasing returns and compete for labor by posting long-term contracts. Firms achieve faster growth by offering higher lifetime wages, which allows them to fill vacancies with higher probability, consistent with recent empirical findings. The model also captures several other regularities about firm size, job flows, and pay, and generates sluggish aggregate dynamics of labor market variables. In contrast to existing bargaining models with large firms, efficiency obtains and the model allows a tractable characterization over the business cycle. (JEL E24, J64, L11)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20131702 (Text)
Publications
  • Kaas, Leo, and Philipp Kircher. “Efficient Firm Dynamics in a Frictional Labor Market.” American Economic Review 105, no. 10 (October 2015): 3030–60. https://doi.org/10.1257/aer.20131702.
    • ID: 10.1257/aer.20131702 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Kaas, Leo; Kircher, Philipp (2015): Replication data for: Efficient Firm Dynamics in a Frictional Labor Market. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112968V1