Wages and the Size of Firms in Dynamic Matching Models |
| |
| Institution: | 1. European University Institute, San Domenico di Fiesole, FI I-50016, Università di Torino;2. Centre for Economic Policy Research, London;3. Università Bocconi, Milan, I-20136, Italy;4. Centre for Economic Policy Research, London;1. Department of Business Statistics and Econometrics, Guanghua School of Management, Peking University, Beijing 100871, China;2. The Center for Statistical Science, Peking University, Beijing 100871, China;3. School of Statistics, Southwestern University of Finance and Economics, Chengdu, 611130, China |
| |
| Abstract: | This paper studies the joint distribution of wages and employment levels in simple matching models of job creation and destruction with costly search and firm-specific labor demand shocks. Existing evidence on the relationship between employer size, the mean and variance of employees' wages, and the character of gross job creation and destruction by continuing firms is broadly consistent with decreasing returns in firm-level production and hiring technologies. Journal of Economic Literature Classification Numbers: J31, J63. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
