skip to content
Wage dispersion in the search and matching model with intra-firm bargaining Preview this item
ClosePreview this item
Checking...

Wage dispersion in the search and matching model with intra-firm bargaining

Author: Dale Mortensen; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2009.
Series: Working paper series (National Bureau of Economic Research), no. 15033.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Matched employer-employee data exhibits both wage and productivity dispersion across firms and suggest that a linear relationship holds between the average wage paid and a firm productivity. The purpose of this paper is to demonstrate that these facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed of many workers, and face diminishing returns to  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Dale Mortensen; National Bureau of Economic Research.
OCLC Number: 369233927
Notes: "June 2009."
Description: 1 online resource (24 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 15033.
Responsibility: Dale T. Mortensen.

Abstract:

Matched employer-employee data exhibits both wage and productivity dispersion across firms and suggest that a linear relationship holds between the average wage paid and a firm productivity. The purpose of this paper is to demonstrate that these facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed of many workers, and face diminishing returns to labor given the wage paid to identical workers is the solution to the Stole-Zwiebel bilateral bargaining problem. Helpman and Iskhoki (2008) show that a unique single wage (degenerate) equilibrium solution to the model exists in this environment. In this paper, I demonstrate that another equilibrium exists that can be characterized by a non-degenerate distribution of wages in which more productive firms pay more if employed workers are able to search. Generically this dispersed wage equilibrium is unique and exists if and only if firms are heterogenous with respect to factor productivity. Finally, employment is lower in the dispersed wage equilibrium than in the single wage equilibrium but this fact does not imply that welfare is higher in the single wage equilibrium.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/369233927> # Wage dispersion in the search and matching model with intra-firm bargaining
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
   library:oclcnum "369233927" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/256610640#Place/cambridge_mass> ; # Cambridge, Mass.
   schema:about <http://id.worldcat.org/fast/990041> ; # Labor market--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/256610640#Topic/labor_market_econometric_models> ; # Labor market--Econometric models
   schema:about <http://dewey.info/class/330/> ;
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:copyrightYear "2009" ;
   schema:creator <http://viaf.org/viaf/28181988> ; # Dale Mortensen
   schema:datePublished "2009" ;
   schema:description "Matched employer-employee data exhibits both wage and productivity dispersion across firms and suggest that a linear relationship holds between the average wage paid and a firm productivity. The purpose of this paper is to demonstrate that these facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed of many workers, and face diminishing returns to labor given the wage paid to identical workers is the solution to the Stole-Zwiebel bilateral bargaining problem. Helpman and Iskhoki (2008) show that a unique single wage (degenerate) equilibrium solution to the model exists in this environment. In this paper, I demonstrate that another equilibrium exists that can be characterized by a non-degenerate distribution of wages in which more productive firms pay more if employed workers are able to search. Generically this dispersed wage equilibrium is unique and exists if and only if firms are heterogenous with respect to factor productivity. Finally, employment is lower in the dispersed wage equilibrium than in the single wage equilibrium but this fact does not imply that welfare is higher in the single wage equilibrium."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/256610640> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/256610640#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/256610640#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:name "Wage dispersion in the search and matching model with intra-firm bargaining"@en ;
   schema:productID "369233927" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/369233927#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2009> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/256610640#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://ezproxy.eui.eu/login?url=http://papers.nber.org/papers/> ;
   schema:url <http://www.nber.org/papers/w15033> ;
   schema:url <http://papers.nber.org/papers/15033> ;
   schema:url <http://papers.nber.org/papers/w15033> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/369233927> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/256610640#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/256610640#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/256610640#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/369233927> ; # Wage dispersion in the search and matching model with intra-firm bargaining
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/256610640#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/369233927> ; # Wage dispersion in the search and matching model with intra-firm bargaining
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/990041> # Labor market--Econometric models
    a schema:Intangible ;
   schema:name "Labor market--Econometric models"@en ;
    .

<http://papers.nber.org/papers/15033>
   rdfs:comment "An electronic book accessible through the World Wide Web; click for information" ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/28181988> # Dale Mortensen
    a schema:Person ;
   schema:familyName "Mortensen" ;
   schema:givenName "Dale" ;
   schema:name "Dale Mortensen" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.