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Record Nr. |
UNINA9910788688303321 |
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Titolo |
Equilibrium Wage Dispersion : : An Example |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-8311-4 |
1-4527-4208-1 |
1-283-51891-0 |
1-4519-0815-6 |
9786613831361 |
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Descrizione fisica |
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1 online resource (16 p.) |
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Collana |
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Soggetti |
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Equilibrium (Economics) - Econometric models |
Wages - Econometric models |
Labor |
Public Finance |
Criminology |
Wages, Compensation, and Labor Costs: General |
Illegal Behavior and the Enforcement of Law |
Employment |
Unemployment |
Wages |
Intergenerational Income Distribution |
Aggregate Human Capital |
Aggregate Labor Productivity |
National Government Expenditures and Related Policies: General |
Unemployment: Models, Duration, Incidence, and Job Search |
Labour |
income economics |
Corporate crime |
white-collar crime |
Public finance & taxation |
Illicit financial flows |
Public expenditure review |
Money laundering |
Economic theory |
Expenditures, Public |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. Introduction""; ""II. The Model""; ""III. The Example""; ""IV. Conclusion""; ""References"" |
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Sommario/riassunto |
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Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity. |
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