Labor reallocation in imperfect labor markets

  • Ana Lamo, Etienne Wasmer
  • Published 2005


The economic consequences of large macroeconomic shocks need to be analyzed in the context of imperfect labor markets: labor market frictions and specific human capital slow down reallocations or make them costly. We build a two sector model of search frictions and specific human capital in which young agents’ career is heavily determined by the type of… (More)


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@inproceedings{Lamo2005LaborRI, title={Labor reallocation in imperfect labor markets}, author={Ana Lamo and Etienne Wasmer}, year={2005} }