How Long to Read Tenure Profiles and Efficient Separation in a Stochastic Productivity Model

How Long Does it Take to Read Tenure Profiles and Efficient Separation in a Stochastic Productivity Model?

It takes the average reader to read Tenure Profiles and Efficient Separation in a Stochastic Productivity Model by Sebastian Buhai

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Description

"This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages and the distribution of tenures. We develop a theoretical model based on efficient bargaining, where both log outside wage and log wage in the current job follow a random walk, as found empirically. This setting allows the application of real option theory. We derive the efficient separation rule. The model fits the observed distribution of job tenures well. Since we observe outside wages only at job start and job separation, our empirical analysis of within job wage growth is based on expected wage growth conditional on the outside wages at both dates. Our modelling allows testing of the efficient bargaining hypothesis. The model is estimated on the PSID"--Forschungsinstitut zur Zukunft der Arbeit web site.

How long is Tenure Profiles and Efficient Separation in a Stochastic Productivity Model?

Tenure Profiles and Efficient Separation in a Stochastic Productivity Model by Sebastian Buhai is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read Tenure Profiles and Efficient Separation in a Stochastic Productivity Model Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read Tenure Profiles and Efficient Separation in a Stochastic Productivity Model aloud.

What Reading Level is Tenure Profiles and Efficient Separation in a Stochastic Productivity Model?

Tenure Profiles and Efficient Separation in a Stochastic Productivity Model is suitable for students ages 2 and up.

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