Wages, unemployment and inequality with heterogeneous firms and workers:
"In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find t...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2008
|
| Series: | Working paper series / National Bureau of Economic Research
14122 |
| Online Access: | Volltext |
| Summary: | "In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality and income inequality, whereas greater worker heterogeneity has ambiguous effects. We also find that labor market frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components. Finally, high-ability workers have the lowest unemployment rates but the greatest wage inequality, and income inequality is lowest for intermediate ability. Although these results are interesting in their own right, the main contribution of the paper is in providing a framework for analyzing these types of issues"--National Bureau of Economic Research web site |
| Physical Description: | 61 S. graph. Darst. 22 cm |
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| id | DE-604.BV023594000 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:32Z |
| indexdate | 2024-07-09T21:25:16Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016909330 |
| oclc_num | 254884238 |
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| physical | 61 S. graph. Darst. 22 cm |
| publishDate | 2008 |
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| spelling | Helpman, Elhanan 1946- Verfasser (DE-588)12493563X aut Wages, unemployment and inequality with heterogeneous firms and workers Elhanan Helpman ; Oleg Itskhoki ; Stephen Redding Cambridge, Mass. National Bureau of Economic Research 2008 61 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 14122 "In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality and income inequality, whereas greater worker heterogeneity has ambiguous effects. We also find that labor market frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components. Finally, high-ability workers have the lowest unemployment rates but the greatest wage inequality, and income inequality is lowest for intermediate ability. Although these results are interesting in their own right, the main contribution of the paper is in providing a framework for analyzing these types of issues"--National Bureau of Economic Research web site Itskhoki, Oleg 1983- Verfasser (DE-588)133779017 aut Redding, Stephen 1972- Verfasser (DE-588)12838316X aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 14122 (DE-604)BV002801238 14122 http://papers.nber.org/papers/w14122.pdf kostenfrei Volltext |
| spellingShingle | Helpman, Elhanan 1946- Itskhoki, Oleg 1983- Redding, Stephen 1972- Wages, unemployment and inequality with heterogeneous firms and workers |
| title | Wages, unemployment and inequality with heterogeneous firms and workers |
| title_auth | Wages, unemployment and inequality with heterogeneous firms and workers |
| title_exact_search | Wages, unemployment and inequality with heterogeneous firms and workers |
| title_exact_search_txtP | Wages, unemployment and inequality with heterogeneous firms and workers |
| title_full | Wages, unemployment and inequality with heterogeneous firms and workers Elhanan Helpman ; Oleg Itskhoki ; Stephen Redding |
| title_fullStr | Wages, unemployment and inequality with heterogeneous firms and workers Elhanan Helpman ; Oleg Itskhoki ; Stephen Redding |
| title_full_unstemmed | Wages, unemployment and inequality with heterogeneous firms and workers Elhanan Helpman ; Oleg Itskhoki ; Stephen Redding |
| title_short | Wages, unemployment and inequality with heterogeneous firms and workers |
| title_sort | wages unemployment and inequality with heterogeneous firms and workers |
| url | http://papers.nber.org/papers/w14122.pdf |
| volume_link | (DE-604)BV002801238 |
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