| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5333 |
| DP5333 The Price and Quantity of Residential Land in the United States | |
| Jonathan Heathcote; Morris Davis | |
| 发表日期 | 2005-11-03 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper shows that we can normalize job and worker characteristics such that without frictions there exists a linear relationship between wages on the one hand and worker and job type indices on the other. However, for five European countries and the US we find strong evidence for a systematic concave relation. An assignment model with search frictions provides a parsimonious explanation for our findings. This model yields two restrictions on the coefficients that fit the data well. Allowing for unobserved heterogeneity and measurement error we find that reservation wages are 25% lower than they would be in a frictionless world. Our results relate to the literature on industry wage differentials and on structural identification in hedonic models. |
| 主题 | Labour Economics |
| 关键词 | Wage differentials Search Assignment |
| URL | https://cepr.org/publications/dp5333 |
| 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/534196 |
| 推荐引用方式 GB/T 7714 | Jonathan Heathcote,Morris Davis. DP5333 The Price and Quantity of Residential Land in the United States. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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