Structural Models of Wage and Employment Dynamics" contains selected papers from a conference held in honour of Professor Dale T. Mortensen upon the occasion of his 65th birthday. The papers are on some of Professor Dale T. Mortensen's current research topics: the development of equilibrium dynamic models designed to account for wage dispersion and the time series behaviour of job and worker flows. The conference is the sixth in a series. From the beginning there has been a close interplay among economic theorists, econometricians, and applied economists. This book also has a section with theoretical papers as well as sections with micro- and macro-econometric papers. These conferences have had significant influence on how we think about public policy in the labour market, and what kinds of data would be needed to answer questions about these policies. Contributions to Economic Analysis was established in 1952. The series purpose is to stimulate the international exchange of scientific information. The series includes books from all areas of macroeconomics and microeconomics.
Preface. Summary of Conference Papers (D.T. Mortensen). Part I - Theory Papers. 1. Bargaining, On-the-Job Search and Labor Market Equilibrium (R. Bonilla, K. Burdett). 2. On-the-Job Search and Strategic Bargaining (R. Shimer). 3. Alternative Theories of Wage Dispersion (D. Gaumont, M. Schindler, R. Wright). 4. Wage Differentials, Discrimination and Efficiency (S. Shi). 5. Labor Market Search with Two Sided Heterogeneity: Hierarchical versus Circular Models (P.A. Gautier, C.N. Teulings, A. van Vuuren). 6. The Weak Pareto Law in Burdgett-Mortensen Equilibrium Search Models (G.J. van den Berg). 7. Competitive Auctions: Theory and Application (J. Kennes). 8. Block Assignments (M. Sattinger). 9. Social Security and Intergenerational Redistribution (J. Bhattacharya, R.R. Reed). Part II - Microeconometric Papers. 10. The Job Ladder (A.J. Bowlus, G.R. Neumann). 11. Heterogeneity in Firms'Wages and Mobility Policies (J.M. Abowd, F. Kramarz, S. Roux). 12. The Empirical Content of the Job Search Model: Labor Mobility and Wage Distributions in Europe and the U.S. (G. Jolivet, F. Postel-Vinay, J.-M. Robin). 13. Job Changes and Wage Growth over the Careers of Private Sector Workers in Denmark (P. Bingley, N. Westergard-Nielsen). 14. Identification and Inference in Dynamic Programming Models (B.J. Christensen, N.M. Keifer). 15. On Estimates of a Two-Sided Matching Model (L.Y. Wong). 16. A Structural Non-Stationary Model of Job Search: Stigmatization of the Unemployed by Job Offers or Wage Offers? (S. Lollivier, L. Rioux). 17. Can Rent Sharing Explain the Belgian Gender Wage Gap? (F. Rycx, I. Tojerow). 18. Modeling Individual Earnings Trajectories Using Copulas: France, 1990-2002 (S. Bonhomme, J.-M. Robin). Part III - Macroeconometric Papers. 19. Amplification of Productivity Shocks: Why Don't Vacancies Like to Hire the Unemployed? (E. Nagypal). 20. Evaluating the Performance of the Search and Matching Model (E. Yashiv). 21. Productivity Growth and Worker Reallocation: Theory and Evidence (R. Lentz, D.T. Mortensen).