Job search, human capital and wage inequality

Arbeitspapier

This paper constructs and quantitatively assesses an equilibrium search model with on-the- job search and general human capital accumulation. In the model workers differ in their innate abilities and firms in their productivities. Wages are dispersed because of search frictions and workers' productivity differentials. Using the (log) wage variance decomposition implied by the model I show that wage inequality among low skilled workers is mostly driven by differ- ences in their productivities. Among medium skilled workers, productivity differentials and search frictions are equally important. The model reproduces the observed cross-sectional wage distribution, the average wage-experience profile and the observed Mean-min ratio.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ISER Working Paper Series ; No. 2012-23

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Labor Turnover; Vacancies; Layoffs ; Unemployment: Models, Duration, Incidence, and Job Search ; Labor Contracts ; Monopsony; Segmented Labor Markets
• Thema: Job search ; human capital accumulation ; wage dispersion ; turnover

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Carrillo-Tudela, Carlos
• Ereignis: Veröffentlichung
• (wer): University of Essex, Institute for Social and Economic Research (ISER)
• (wo): Colchester
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/91684
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ