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Identifier to cite or link to this item: https://hdl.handle.net/10086/16870

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Title
Job Search, Bargaining, and Wage Dynamics
Creator
Creator Name
Yamaguchi, Shintaro Yamaguchi, Shintaro
山口, 慎太郎 山口, 慎太郎
Affiliation
Affiliation Name
McMaster University
Editor
Contributor Name
社会科学の高度統計・実証分析拠点構築 = Research Unit for Statistical and Empirical Analysis in Social Sciences
Abstract
This paper constructs and estimates a model of strategic wage bargaining with on-the-job search to explore three different components of wages: general human capital, match-specific capital, and outside option. 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 NLSY79. The results indicate that the improved value of outside option raises wages of ten-year-experienced workers by 16%.
Description
Date: revised in July 2008 (first version: November 2005).
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2009-01
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Global COE Hi-Stat Discussion Paper Series ; No. 26
Relation
Related Identifier
URI
  http://gcoe.ier.hit-u.ac.jp/english/index.html
Number of Pages
42
Sponsorship
グローバルCOEプログラム = Global COE Program
Appears in Collections
Global COE Hi-Stat Discussion Paper Series
URL
https://hdl.handle.net/10086/16870