Equilibrium wage dispersion : an example / / prepared by Damien Gaumont, Martin Schindler, and Randall Wright

• Autore: Gaumont Damien
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Research Dept., 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (16 p.)
• Soggetto topico: Equilibrium (Economics) - Econometric models; Wages - Econometric models
• Altri autori: SchindlerMartin <1971-> WrightRandall <1956->
• Note generali: "January 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. Introduction""; ""II. The Model""; ""III. The Example""; ""IV. Conclusion""; ""References""
• Sommario/riassunto: 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.
• Titolo autorizzato: Equilibrium wage dispersion
• ISBN: 1-4623-8311-4; 1-4527-4208-1; 1-283-51891-0; 1-4519-0815-6; 9786613831361
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910814895303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/19.