Dale T Mortensen
Biographic Data
| ID | 349278 |
|---|---|
| NAME | Dale T Mortensen |
| GIVEN NAMES | Dale T |
| FAMILY NAME | Mortensen |
| SIGNATURE | MORTENSEN D T |
| AFFILIATIONS | Northwestern University |
| VERIFIED | No |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 77 |
| WORKS AS AUTHOR | 8 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1977 |
| LATEST PUBLICATION YEAR | 2005 |
| H-INDEX | 4 |
Dale Mortensen and Christopher Pissarides receive IZA Prize in Labor Economics
Unemployment Responses to ‘Skill‐biased’ Technology Shocks
Do skill‐biased shocks that increase the spread of labour productivities, interacting with different policy regimes, explain the rise in unemployment in Europe relative to the United States in the 1980s and 1990s? The hypothesis is an implication of a version of the Mortensen and Pissarides (1994) model of equilibrium unemployment which allows for worker heterogeneity. A calibrated version of the model implies that a similar unemployment increase…
Wage Differentials, Employer Size, and Unemployment
The unique equilibrium solution to a game in which a continuum of individual employers choose permanent wage offers and a continuum of workers search by sequentially sampling from the set of offers is characterized. Wage dispersion is a robust outcome provided that workers search while employed as well as when unemployed. The unique nondegenerate equilibrium distribution of wage offers is constructed for three cases: (1) identical workers and emp…
Job Creation and Job Destruction in the Theory of Unemployment
In this paper we model a job-specific shock process in the matching model of unemployment with non-cooperative wage behaviour. We obtain endogenous job creation and job destruction processes and study their properties. We show that an aggregate shock induces negative correlation between job creation and job destruction whereas a dispersion shock induces positive correlation. The job destruction process is shown to have more volatile dynamics than…
Matching
How do job-worker and husband-wife relationships form, and why do some matched pairs subsequently separate? Economists and game theorists are in the process of developing and applying an equilibrium explanation of match formation and separation based on the principle of voluntary pairing under competitive conditions. The purpose of this paper is to assess the current state of these developments. The general existence of patnership structures with…
Chapter 15 Job search and labor market analysis
Search, Layoffs, and Labor Market Equilibrium
The paper has two purposes: (1) to extend the theory of job search to include the case in which job prospects are characterized by layoff risk as well as the wage and (2) to synthesize the search and implicit-contract approaches by using the former to model the supply side and the latter to model the demand side of a labor market. The result is a simple and consistent theory of labor market equilibrium under conditions of imperfect information an…
Unemployment Insurance and Job Search Decisions
Investigation of the development of a model on unemployment insurance (UI) and job search decisions. Information on job turnover; Details on the individual worker's preferences; Process of job search decision; Offsetting incentive effects of UI. (Abstract copyright EBSCO.)
Unemployment Insurance and Job Search Decisions
Investigation of the development of a model on unemployment insurance (UI) and job search decisions. Information on job turnover; Details on the individual worker's preferences; Process of job search decision; Offsetting incentive effects of UI. (Abstract copyright EBSCO.)
Unemployment Responses to ‘Skill‐biased’ Technology Shocks
Do skill‐biased shocks that increase the spread of labour productivities, interacting with different policy regimes, explain the rise in unemployment in Europe relative to the United States in the 1980s and 1990s? The hypothesis is an implication of a version of the Mortensen and Pissarides (1994) model of equilibrium unemployment which allows for worker heterogeneity. A calibrated version of the model implies that a similar unemployment increase…
Matching
How do job-worker and husband-wife relationships form, and why do some matched pairs subsequently separate? Economists and game theorists are in the process of developing and applying an equilibrium explanation of match formation and separation based on the principle of voluntary pairing under competitive conditions. The purpose of this paper is to assess the current state of these developments. The general existence of patnership structures with…
Search, Layoffs, and Labor Market Equilibrium
The paper has two purposes: (1) to extend the theory of job search to include the case in which job prospects are characterized by layoff risk as well as the wage and (2) to synthesize the search and implicit-contract approaches by using the former to model the supply side and the latter to model the demand side of a labor market. The result is a simple and consistent theory of labor market equilibrium under conditions of imperfect information an…
Unemployment Insurance and Job Search Decisions
Investigation of the development of a model on unemployment insurance (UI) and job search decisions. Information on job turnover; Details on the individual worker's preferences; Process of job search decision; Offsetting incentive effects of UI. (Abstract copyright EBSCO.)
Search, Layoffs, and Labor Market Equilibrium
The paper has two purposes: (1) to extend the theory of job search to include the case in which job prospects are characterized by layoff risk as well as the wage and (2) to synthesize the search and implicit-contract approaches by using the former to model the supply side and the latter to model the demand side of a labor market. The result is a simple and consistent theory of labor market equilibrium under conditions of imperfect information an…
Chapter 15 Job search and labor market analysis
Matching
How do job-worker and husband-wife relationships form, and why do some matched pairs subsequently separate? Economists and game theorists are in the process of developing and applying an equilibrium explanation of match formation and separation based on the principle of voluntary pairing under competitive conditions. The purpose of this paper is to assess the current state of these developments. The general existence of patnership structures with…
Job Creation and Job Destruction in the Theory of Unemployment
In this paper we model a job-specific shock process in the matching model of unemployment with non-cooperative wage behaviour. We obtain endogenous job creation and job destruction processes and study their properties. We show that an aggregate shock induces negative correlation between job creation and job destruction whereas a dispersion shock induces positive correlation. The job destruction process is shown to have more volatile dynamics than…
Wage Differentials, Employer Size, and Unemployment
The unique equilibrium solution to a game in which a continuum of individual employers choose permanent wage offers and a continuum of workers search by sequentially sampling from the set of offers is characterized. Wage dispersion is a robust outcome provided that workers search while employed as well as when unemployed. The unique nondegenerate equilibrium distribution of wage offers is constructed for three cases: (1) identical workers and emp…
Unemployment Responses to ‘Skill‐biased’ Technology Shocks
Do skill‐biased shocks that increase the spread of labour productivities, interacting with different policy regimes, explain the rise in unemployment in Europe relative to the United States in the 1980s and 1990s? The hypothesis is an implication of a version of the Mortensen and Pissarides (1994) model of equilibrium unemployment which allows for worker heterogeneity. A calibrated version of the model implies that a similar unemployment increase…
Dale Mortensen and Christopher Pissarides receive IZA Prize in Labor Economics
Economics (8 works) · Labour economics (7 works) · Unemployment (6 works) · Economic theories and models (5 works) · Microeconomics (5 works) · Labor market dynamics and wage inequality (4 works) · Macroeconomics (4 works) · Mathematics (4 works) · Wage (4 works) · Computer Science (3 works)