Add to ORKGThis paper examines wage dispersion and wage dynamics in an economy with stock-ow matching and on-the-job search. Under stock-ow matching, a job seeker immediately becomes fully informed about the number of viable \u85rms in the stock of job vacancies. If only one option is available, monopsony wages result. With more than one \u85rm bidding, Bertrand wages arise. Over time turnover causes this historical impact to fade. Wage dispersion declines with tenure. The model also generates job-to-job transitions with both wage cuts and jumps. JEL Classi\u85cations: J6
The paper proposes a model of on- and off-the-job search that combines convex hiring costs and direc...
Wage inequality between similar workers has been on the rise in many rich countries. Recent empirica...
1 We study endogenous wage and productivity distributions with individual ex post (Nash) wage bargai...
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-j...
In this paper, I establish a positive correlation between wage dispersion and GDP at business cycle ...
In this paper, I establish a positive correlation between wage dispersion and GDP at busi-ness cycle...
This paper analyzes a model of equilibrium wage dynamics and wage dispersion across firms. It consid...
We present a generalization of the standard random-search model of unemployment in which firms hire ...
In this paper I introduce a novel source of residual wage dispersion. In the model, workers are hete...
This paper studies the joint distribution of wages and employment levels in simple matching models o...
Job market segmentation refers to the idea that there tends to be a correlation among high wages, hi...
The canonical framework of Burdett and Mortensen (1998) derives wage dispersion as the unique equili...
International audienceWe construct an equilibrium job search model with on-the-job search in which f...
We construct an equilibrium job search model with on-the-job search in which firms implement optimal...
The paper proposes a theory of wage and turnover dynamics — built on firm-specific human capital, se...
The paper proposes a model of on- and off-the-job search that combines convex hiring costs and direc...
Wage inequality between similar workers has been on the rise in many rich countries. Recent empirica...
1 We study endogenous wage and productivity distributions with individual ex post (Nash) wage bargai...
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-j...
In this paper, I establish a positive correlation between wage dispersion and GDP at business cycle ...
In this paper, I establish a positive correlation between wage dispersion and GDP at busi-ness cycle...
This paper analyzes a model of equilibrium wage dynamics and wage dispersion across firms. It consid...
We present a generalization of the standard random-search model of unemployment in which firms hire ...
In this paper I introduce a novel source of residual wage dispersion. In the model, workers are hete...
This paper studies the joint distribution of wages and employment levels in simple matching models o...
Job market segmentation refers to the idea that there tends to be a correlation among high wages, hi...
The canonical framework of Burdett and Mortensen (1998) derives wage dispersion as the unique equili...
International audienceWe construct an equilibrium job search model with on-the-job search in which f...
We construct an equilibrium job search model with on-the-job search in which firms implement optimal...
The paper proposes a theory of wage and turnover dynamics — built on firm-specific human capital, se...
The paper proposes a model of on- and off-the-job search that combines convex hiring costs and direc...
Wage inequality between similar workers has been on the rise in many rich countries. Recent empirica...
1 We study endogenous wage and productivity distributions with individual ex post (Nash) wage bargai...