Theory of job search [Elektronische Ressource] : unemployment participation tradeoff and spatial search with asymmetric changes of the wage distribution / vorgelegt von Alisher Aldashev

Theory of Job Search.Unemployment-Participation Tradeoff andSpatial Search with Asymmetric Changesof the Wage DistributionDissertation zur Erlangung des Grades eines Doktorsder Wirtschaftswissenschafteneingereicht an der Wirtschaftswissenschaftlichen Fakulta¨tder Universita¨t Regensburgvorgelegt vonAlisher AldashevBetreuer:Prof. Dr. Joachim Mo¨llerProf. Dr. Lutz ArnoldDatum der Disputation 5. Juli 2007Theory of Job Search.Unemployment-Participation Tradeoff and SpatialSearch with Asymmetric Changes of the WageDistributionAlisher AldashevZEW, MannheimMannheim, November 14, 2007Contents1 Introduction 12 Review of Literature 62.1 Models with Constant Wages (Urn Models) . . . . . . . . . . . . . . . . . . . 82.1.1 Full Equilibrium Model with Employment Agency . . . . . . . . . . . 82.1.2 Equilibrium Unemployment Rate and Employment Duration . . . . . . 112.1.3 Spatial Search with Constant Wages . . . . . . . . . . . . . . . . . . . 132.2 Exogenous Wage Dispersion . . . . . . . . . . . . . . . . . . . . . . . . . . . 142.2.1 Single Wage Offer Model, Discrete Time . . . . . . . . . . . . . . . . 142.2.2 Multiple Wage Offer Model, Continuous Time . . . . . . . . . . . . . 162.3 Endogenous Wage Dispersion . . . . . . . . . . . . . . . . . . . . . . . . . . 182.3.1 Wage Dispersion Due to Worker Heterogeneity . . . . . . . . . . . . . 182.3.2 Equilibrium Wage Dispersion with Identical Workers . . . . . . . . . . 242.