Endogenous on-the-job search and frictional wage dispersion

Hertweck, Matthias Sebastian

Endogenous on-the-job search and frictional wage dispersion

Dateien

Zu diesem Dokument gibt es keine Dateien.

Datum

2010

Autor:innen

Hertweck, Matthias Sebastian

Schriftenreihe

WWZ Discussion Papers ; 2010,2

URI (zitierfähiger Link)

http://nbn-resolving.de/urn:nbn:de:bsz:352-147419

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Working Paper/Technical Report

Publikationsstatus

Published

Zusammenfassung

This paper addresses the large degree of frictional wage dispersion in US data. The standard job matching model without on-the-job search cannot replicate this pattern. With on-the-job search, however, unemployed job searchers are more willing to accept low wage offers since they can continue to seek for better employment opportunities. This explains why observably identical workers may be paid very differently. Therefore, we examine the quantitative implications of on-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the degree of frictional wage dispersion by an order of a magnitude.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

matching, on-the-job search, wage dispersion

Zitieren

ISO 690

HERTWECK, Matthias Sebastian, 2010. Endogenous on-the-job search and frictional wage dispersion

BibTex

@techreport{Hertweck2010Endog-14741,
  year={2010},
  series={WWZ Discussion Papers ; 2010,2},
  title={Endogenous on-the-job search and frictional wage dispersion},
  author={Hertweck, Matthias Sebastian}
}

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Ja