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|z 9781451862799
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|a International Monetary Fund.
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|a Equilibrium Wage Dispersion :
|b An Example.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (16 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 equal to 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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2006/019
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/019/001.2006.issue-019-en.xml
|z IMF e-Library
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