The Quality Distribution of Jobs and the Structure of Wages in Search Equilibrium
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https://www.nber.org/papers/w8434
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When match formation is costly and wage determination is decentralized, privately optimal investments in job and worker quality diverge from socially efficient outcomes. To explore this issue, I consider search equilibrium environments with endogenous quality distributions for jobs and workers. I
提供机构：
美国国家经济研究局
创建时间：
2001-08-01
