WASP
"Wage Dynamics, Sorting Patterns in Labour Markets and Policy Evaluation"
| Coordinatore | FONDATION NATIONALE SCIENCES POLITIQUES
Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie. |
| Nazionalità Coordinatore | France [FR] |
| Totale costo | 1˙809˙520 € |
| EC contributo | 1˙809˙520 € |
| Programma | FP7-IDEAS-ERC
Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) |
| Code Call | ERC-2010-AdG_20100407 |
| Funding Scheme | ERC-AG |
| Anno di inizio | 2011 |
| Periodo (anno-mese-giorno) | 2011-05-01 - 2016-04-30 |
Partecipanti
| # | ||||
|---|---|---|---|---|
| 1 |
UNIVERSITY COLLEGE LONDON
Organization address
address: GOWER STREET contact info |
UK (LONDON) | beneficiary | 360˙000.00 |
| 2 |
FONDATION NATIONALE SCIENCES POLITIQUES
Organization address
address: RUE SAINT GUILLAUME 27 contact info |
FR (PARIS CEDEX 07) | hostInstitution | 1˙449˙520.00 |
| 3 |
FONDATION NATIONALE SCIENCES POLITIQUES
Organization address
address: RUE SAINT GUILLAUME 27 contact info |
FR (PARIS CEDEX 07) | hostInstitution | 1˙449˙520.00 |
Mappa
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Obiettivo del progetto (Objective)
'WASP is aimed at developing realistic empirical equilibrium search models of the labour market, with heterogeneous agents and long-term self-enforcing contracts, that • Can help better understand rent sharing mechanisms in labour markets, • Allow for multiple sources of productivity dynamics, including deterministic human capital accumulation and idiosyncratic productivity shocks, • Do not rule out sorting by assumption, nor the possibility of mismatch – as in perfectly competitive Beckerian marriage models, • Can fit linked employer-employee data in all three dimensions: across workers, firms and time, • Can be used for policy evaluation.
These research questions will be addressed within six different sub-projects: 1. Understanding tenure effects. Human capital accumulation and productivity shocks are introduced in a search-matching framework to explain the difference between tenure and experience effects. 2. Employment protection policies, wage dynamics and sorting. A search-matching model with productivity shocks is estimated on worker data and used to discuss the optimal design of employment protection policies. 3. Large firms, sorting and linked employer-employee data. Firms post more than one job offer. The model permits the use of linked employer-employee data for estimation. 4. Risk-aversion, savings and risk sharing. Risk-averse workers, subject to productivity shocks, are matched with risk-neutral employers. The model is used to measure the relative importance of self-insurance vis-à-vis insurance provided by the employer. 5. Unemployment, wage inequality and business cycle. Allowing for aggregate productivity shocks in a search-matching model with worker heterogeneity can explain the unemployment volatility puzzle and the effect of business cycles on the wage distribution. 6. Marriage, search and welfare policy. The intra-household resource allocation process is endogenised in a search model of marriage.'