The quality distribution of jobs and the structure of wages in search equilibrium

The quality distribution of jobs and the structure of wages in search equilibrium

When match formation is costly and wage determination is decentralized, privately optimal investments in job and worker quality diverge from socially efficient outcomes. To explore this issue, I consider search equilibrium environments with endogenous quality distributions for jobs and workers. I sh...

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Bibliographic Details
Main Author: Davis, Steven J. (Author)
Format: Book
Language:English
Published: Cambridge National Bureau of Economic Research Mass., 2001.
Series:NBER working paper series no. 8434
Subjects:
Wage differentials > Mathematical models.
Wage bargaining > Mathematical models.
Online Access:http://www.nber.org/papers/w8434