| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w20031
|
| 来源ID | Working Paper 20031
|
| An Empirical Model of Wage Dispersion with Sorting |
| Jesper Bagger; Rasmus Lentz
|
| 发表日期 | 2014-04-10
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | This paper studies wage dispersion in an equilibrium on-the-job-search model with endogenous search intensity. Workers differ in their permanent skill level and firms differ with respect to productivity. Positive (negative) sorting results if the match production function is supermodular (submodular). The model is estimated on Danish matched employer-employee data. We find evidence of positive assortative matching. In the estimated equilibrium match distribution, the correlation between worker skill and firm productivity is 0.12. The assortative matching has a substantial impact on wage dispersion. We decompose wage variation into four sources: Worker heterogeneity, firm heterogeneity, frictions, and sorting. Worker heterogeneity contributes 51% of the variation, firm heterogeneity contributes 11%, frictions 23%, and finally sorting contributes 15%. We measure the output loss due to mismatch by asking how much greater output would be if the estimated population of matches were perfectly positively assorted. In this case, output would increase by 7.7%. |
| 主题 | Labor Economics
; Labor Supply and Demand
; Labor Compensation
; Unemployment and Immigration
|
| URL | https://www.nber.org/papers/w20031
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
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| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577705
|
推荐引用方式
GB/T 7714 |
Jesper Bagger,Rasmus Lentz. An Empirical Model of Wage Dispersion with Sorting. 2014.
|
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