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• W2128614780 abstract "How 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 U.S. 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 average duration of unemployment." @default.
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• W2128614780 date "2006-07-27" @default.
• W2128614780 modified "2023-10-11" @default.
• W2128614780 title "RESIDUAL WAGE DISPARITY AND COORDINATION UNEMPLOYMENT*" @default.
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• W2128614780 doi "https://doi.org/10.1111/j.1468-2354.2006.00402.x" @default.
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