Equilibrium Wage Dispersion An Example

DOWNLOAD

Download Equilibrium Wage Dispersion An Example PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Equilibrium Wage Dispersion An Example book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Equilibrium Wage Dispersion An Example

DOWNLOAD

Author : Damien Gaumont
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2006-01-01

Equilibrium Wage Dispersion An Example written by Damien Gaumont and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with categories.

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity.

Equilibrium Wage Dispersion

DOWNLOAD

Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2006-01-01

Equilibrium Wage Dispersion written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity.

Equilibrium Wage Distributions

DOWNLOAD

Author : Joseph E. Stiglitz
language : en
Publisher:
Release Date : 1984

Equilibrium Wage Distributions written by Joseph E. Stiglitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Wages categories.

This paper analyzes equilibrium in labor markets with costly search. Even in steady state equilibrium, identical labor may receive different wages; this may be the case even when the only source of imperfect information is the inequality of wages which the market is perpetuating. When there are information imperfections arising from (symmetric)differences in non-pecuniary characteristics of jobs and preferences of individuals, there will not in general exist a full employment, zero profit single wage equilibrium. There are, in general, a multiplicity of equilbria. Equilibrium may be characterized by unemployment; in spite of the presence of an excess supply of labor, no firm is willing to hire workers at a lowerwage. It knows that if it does so, the quit rate will be higher, and hence turnover costs(training costs) will be higher, so much so that profits will actually be lower. The model thus provides a rationale for real wage rigidity. The model also provides a theory of equilibrium frictional unemployment. Though the constrained optimality (taking explicitly into account the costs associated with obtaining information and search) may entail unemployment and wage dispersion, the levels of unemployment and wage dispersion in the market equilibrium will not, in general, be (constrained) optimal.

Equilibrium Wage Dispersion Firm Size And Growth

DOWNLOAD

Author : Melvyn Glyn Coles
language : en
Publisher:
Release Date : 1999

Equilibrium Wage Dispersion Firm Size And Growth written by Melvyn Glyn Coles and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business enterprises categories.

Efficiency Wages

DOWNLOAD

Author : Andrew Weiss
language : en
Publisher: Princeton University Press
Release Date : 2014-07-14

Efficiency Wages written by Andrew Weiss and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-14 with Political Science categories.

Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ... most readable... I will put it on my reading list."--Partha Dasgupta, Stanford University Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Alternative Models Of Wage Dispersion

DOWNLOAD

Author : Damien Gaumont
language : en
Publisher: International Monetary Fund
Release Date : 2005

Alternative Models Of Wage Dispersion written by Damien Gaumont and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Labor market categories.

We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the market shuts down. We then assume workers are homogeneous, but matches are ex post heterogeneous. This model is robust to search costs, and it delivers equilibrium wage dispersion. However, we prove the law of two prices holds: generically, we cannot get more than two wages. We explore several other models, including one combining ex ante and ex post heterogeneity, which is robust and can deliver more than two-point wage distributions.

Endogenous Wage And Capital Dispersion On The Job Search And The Matching Technology

DOWNLOAD

Author : Fernando Galindo-Rueda
language : en
Publisher:
Release Date : 2002

Endogenous Wage And Capital Dispersion On The Job Search And The Matching Technology written by Fernando Galindo-Rueda and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.

Wage Dispersion

DOWNLOAD

Author : Dale Mortensen
language : en
Publisher: MIT Press
Release Date : 2003

Wage Dispersion written by Dale Mortensen and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.

A theoretical and empirical examination of wage differentials findsthat traditional theories of competition do not explain why workers with identical skills are paid differently.

Equilibrium Search With Continous Productivity Dispersion Theory And Non Parametric Estimation

DOWNLOAD

Author : Christian Bontemps
language : en
Publisher:
Release Date : 1998

Equilibrium Search With Continous Productivity Dispersion Theory And Non Parametric Estimation written by Christian Bontemps and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.

Labour Markets With Company Wage Policies

DOWNLOAD

Author : Alan Manning
language : en
Publisher:
Release Date : 1994

Labour Markets With Company Wage Policies written by Alan Manning and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Compensation management categories.