Wages and the Size of Firms in Dynamic Matching Models
Review Of Economic Dynamics, 2001, 4, 2, 335-368
BERTOLA, Giuseppe, GARIBALDI, P., Wages and the Size of Firms in Dynamic Matching Models, Review Of Economic Dynamics, 2001, 4, 2, 335-368 - http://hdl.handle.net/1814/16753
Retrieved from Cadmus, EUI Research Repository
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. (C) 2001 Academic Press.
Cadmus permanent link: http://hdl.handle.net/1814/16753
Full-text via DOI: 10.1006/redy.2000.0114
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