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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| Format: | Knjiga |
| Jezik: | English |
| Izdano: |
Cambridge
National Bureau of Economic Research
Mass., 2001.
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| Serija: | NBER working paper series
no. 8434 |
| Teme: | |
| Online pristup: | http://www.nber.org/papers/w8434 |