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Wage offers and on-the-job search
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Potter, Tristan and Bernhardt, Dan (2022) Wage offers and on-the-job search. Canadian Journal of Economics, 55 (1). doi:10.1111/caje.12588 ISSN 0008-4085.
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Official URL: https://doi.org/10.1111/caje.12588
Abstract
We study the wage-setting problem of an employer with private information about demand for its product when workers can engage in costly on-the-job search. Employers understand that low wage offers may convey bad news that induces workers to search. The unique perfect sequential equilibrium wage strategy is characterized by: (i) pooling by intermediate-revenue employers on a common wage that just deters search, (ii) discontinuously lower revealing offers by low-revenue employers for whom the benefit of deterring search fails to warrant the required high pooling wage and (iii) high revealing offers by high-revenue employers seeking to deter aggressive raiders.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Wages -- Mathematical models, Job security -- Psychological aspects, Job hunting, Employee retention | ||||||||
Journal or Publication Title: | Canadian Journal of Economics | ||||||||
Publisher: | Wiley-Blackwell Publishing, Inc. | ||||||||
ISSN: | 0008-4085 | ||||||||
Official Date: | February 2022 | ||||||||
Dates: |
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Volume: | 55 | ||||||||
Number: | 1 | ||||||||
DOI: | 10.1111/caje.12588 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | "This is the peer reviewed version of the following article: Potter, T. and Bernhardt, D. (2022), Wage offers and on-the-job search. Canadian Journal of Economics/Revue canadienne d'économique. https://doi.org/10.1111/caje.12588, which has been published in final form at https://doi.org/10.1111/caje.12588. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions." | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Copyright Holders: | Canadian Economics Association | ||||||||
Date of first compliant deposit: | 22 February 2021 | ||||||||
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