| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3459 |
| DP3459 White Elephants | |
| James Robinson; Ragnar Torvik | |
| 发表日期 | 2002-07-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | In this article, I study the effect of worker heterogeneities on wages and unemployment within the context of a directed search model. A worker's productivity in a given firm depends both on their type and on a worker-firm specific component. Firms advertise unconditional wage offers, and hire the most productive workers that show up. The resulting equilibrium is inefficient, as the wage premium paid to high-type workers is too high, and the number of high-type jobs too low compared to the output-maximizing solution. This reduces the welfare of high-type workers. My findings contrast with the findings in the literature on labour market segmentation, where the argument is that the existence of high-type workers forces down wages to low-type workers and thus reduces the welfare of this group. |
| 主题 | Labour Economics |
| 关键词 | Directed search Heterogeneous workers Wage differentials Labour market segmentation Unemployment |
| URL | https://cepr.org/publications/dp3459 |
| 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/532477 |
| 推荐引用方式 GB/T 7714 | James Robinson,Ragnar Torvik. DP3459 White Elephants. 2002. |
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