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| Tekijä: | Burdett, K. Mortensen, D. T. |
| Otsikko: | Wage differentials, employer size, and unemployment. |
| Lehti: | International Economic Review
1998 : MAY, VOL.39:2, p. 257-273 |
| Asiasana: | PAY DIFFERENTIALS WORKING CONDITIONS WORKERS COMPANIES BY SIZE |
| Kieli: | eng |
| Tiivistelmä: | 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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