Exogenous vs. Endogenous Separation

Article, Preprint OPEN
Ramey, Garey; (2008)
  • Publisher: eScholarship, University of California
  • Subject: job finding | separation | unemployment | separation, job finding, unemployment

This paper assesses how various approaches to modelling the separation margin a¤ect the ability of the Mortensen-Pissarides job matching model to explain key facts about the aggregate labor market. Allowing for realistic time variation in the separation rate, whether e... View more
  • References (1)

    2 Krause and Lubik (2006) specify a constant rate of separation to unemployment, and introduce permanent productivity di¤erences across jobs to elicit OTJ search. Tasci (2006) posits that each match undergoes an initial phase of learning about productivity, the outcome of which may induce endogenous separation.

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