| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3289 |
| DP3289 The Choice of Exchange Rate Regimes: An Empirical Analysis for Transition Economies | |
| Jurgen von Hagen; Jizhong Zhou | |
| 发表日期 | 2002-03-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | This Paper provides microfoundations for wage compression by modelling wage-setting in a world of heterogeneous workers and firms. Workers are differentiated by observable innate ability. A high-ability worker confers on a firm an externality, since their ability raises the average level of talent within that firm and increases the range of tasks that can be performed. This gives some firms monopsony power in the market for labour trained to do more advanced tasks. Firms will assign their better workers to the more advanced tasks performed within their ranks, and wages are compressed within firms, so that low-ability workers are paid more, relative to their talent, than high-ability workers. The model also offers an explanation for why wage inequality has recently increased in some countries: exogenous changes that increase labour market competition can disproportionately benefit higher ability workers and widen the wages distribution. |
| 主题 | Labour Economics |
| 关键词 | Heterogenous workers Hierarchical assignment models Monopsony Wage compression |
| URL | https://cepr.org/publications/dp3289 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532314 |
| 推荐引用方式 GB/T 7714 | Jurgen von Hagen,Jizhong Zhou. DP3289 The Choice of Exchange Rate Regimes: An Empirical Analysis for Transition Economies. 2002. |
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