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dc.contributor.authorJulien, Benoîten_NZ
dc.contributor.authorKennes, Johnen_NZ
dc.contributor.authorKing, Ianen_NZ
dc.date.available2011-04-07T03:06:36Z
dc.date.copyright2005-12en_NZ
dc.identifier.citationJulien, B., Kennes, J., & King, I. (2005). Residual wage disparity and coordination unemployment (Economics Discussion Papers Series No. 527). University of Otago. Retrieved from http://hdl.handle.net/10523/1111en
dc.identifier.urihttp://hdl.handle.net/10523/1111
dc.description.abstractHow much of residual wage dispersion can be explained by an absence of coordination among firms? To answer, we construct a dynamic directed search model with identical workers where firms can create high or low productivity jobs and are uncoordinated in their offers to workers, calibrated to the US economy. Workers can exploit ex post opportunities once approached by firms, and can conduct on-the-job search. The stationary equilibrium wage distribution is hump-shaped, skewed significantly to the right and, with baseline parameters, generates residual dispersion statistics 75-90% of those found empirically. However, the model underestimates the the average duration of unemployment.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP_0527.pdfen_NZ
dc.subjectwage dispersionen_NZ
dc.subjectdirected searchen_NZ
dc.subjectmatchingen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleResidual wage disparity and coordination unemploymenten_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages36en_NZ
otago.date.accession2006-02-02en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints198en_NZ
otago.school.eprintsEconomicsen_NZ
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otago.relation.number527en_NZ
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