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- W2936199185 abstract "This paper analyses the effect of firm learning on labor market efficiency in a frictional labor market with asymmetric information. I consider a model with random matching and wage bargaining a la Pissarides (1985, 2000) where worker ability is unknown to firms at the hiring stage. Firm learning increases relative expected earnings in high-ability jobs and, thereby, enhances imitation incentives of low-ability workers. The net effect on aggregate expected match surplus and unemployment is indeterminate a priori. Numerical results show that firm learning does not increase labor market efficiency." @default.
- W2936199185 created "2019-04-25" @default.
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- W2936199185 date "2019-01-01" @default.
- W2936199185 modified "2023-09-27" @default.
- W2936199185 title "Does digitalization increase labor market efficiency? Job search and effort on the job with asymmetric information and firm learning" @default.
- W2936199185 hasPublicationYear "2019" @default.
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