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| Author: | Acemoglu, D. Shimer, R. |
| Title: | Wage and technology dispersion |
| Journal: | Review of Economic Studies
2000 : VOL. 67:4(233), p. 585-607 |
| Index terms: | Employment Technology Pay |
| Language: | eng |
| Abstract: | This paper explains why firms with identical opportunities may use different technologies and offer different wages. The authors' key assumption is that workers must engage in costly search in order to gather information about jobs. The amount of wage dispersion leaves workers indifferent about whether to gather information, and the fraction of informed workers leaves firms indifferent about their wage and technology choice. |
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