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Título: | Equilibrium Wage Dispersion, Firm Size, and Growth |
Autor: | Coles, Melvin G. CSIC | Fecha de publicación: | 2001 | Editor: | Elsevier | Citación: | Review of Economic Dynamics 4(1): 159-187 (2001) | Resumen: | This paper analyzes a model of equilibrium wage dynamics and wage dispersion across firms. It considers a labor market where firms set wages and workers use on-the-job search to look for better paid work. It analyzes a perfect equilibrium where each firm can change its wage paid at any time, and workers use optimal quit strategies. Firms trade off higher wages against a lower quit rate, and large firms (those with more employees) always pay higher wages than small firms. Non-steady-state dispersed price equilibria are also analyzed, which describe how wages vary as each firm and the industry as a whole grow over time. Journal of Economic Literature Classification Numbers: D43, J41. © 2001 Academic Press. | URI: | http://hdl.handle.net/10261/57689 | DOI: | 10.1006/redy.2000.0106 | Identificadores: | doi: 10.1006/redy.2000.0106 issn: 1094-2025 |
Aparece en las colecciones: | (IAE) Artículos |
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