Alternative Models of Wage Dispersion.
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 homogeneou...
| Institution som forfatter: | |
|---|---|
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 2005/064 |
| Online adgang: | Full text available on IMF |