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- W2144957270 abstract "This paper investigates the income inequality generated by a job search process when different cohorts of homogeneous workers are allowed to have different degrees of impatience. Using the fact the average wage under the invariant Markovian distribution is a decreasing function of the time preference (Cysne (2004)), I show that the Lorenz curve and the between-cohort Gini coefficient of income inequality can be easily derived in this case. An example with arbitrary measures regarding the wage offers and the distribution of time preferences among cohorts provides some quantitative insights into how much income in equality can be generated, and into how it varies as a function of the probability of unemployment and of the probability that the worker does not find a job offer each period." @default.
- W2144957270 created "2016-06-24" @default.
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- W2144957270 date "2004-01-01" @default.
- W2144957270 modified "2023-09-25" @default.
- W2144957270 title "Income Inequality: The Role of Impatience in a Job-Search Process" @default.
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- W2144957270 doi "https://doi.org/10.2139/ssrn.2390213" @default.
- W2144957270 hasPublicationYear "2004" @default.
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