Sectoral Employment and Cyclical Fluctuations in an Adverse Selection Model
构建了一个存在私人信息的劳动力市场自我选择模型，解释失业率与就业部门构成的相关性，并生成非剥削的菲利普斯曲线，与工时、生产率及部门工资离散度的周期行为一致。
A model of self-selection in the labor market in the presence of private information is developed. The model is used to explain the correlation between the unemployment rate and the sectoral composition of employment first observed by D. M. Lilien (1982). The model also generates a (nonexploitable) Phillips curve and is consistent with observed correlations between hours and productivity. In addition, it is consistent with microeconomic evidence on the behavior of sectoral wage dispersions over the cycle and the absence of cyclicality associated with 'industry switching.' Copyright 1995 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.