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| Author: | Burdett, K. Mortensen, D. T. |
| Title: | Wage differentials, employer size, and unemployment. |
| Journal: | International Economic Review
1998 : MAY, VOL.39:2, p. 257-273 |
| Index terms: | PAY DIFFERENTIALS WORKING CONDITIONS WORKERS COMPANIES BY SIZE |
| Language: | eng |
| Abstract: | 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: identical workers and employers, identical employers and an atomless distribution of worker supply prices, and identical workers and an atomless distribution of job productivities. |
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