Wage Dispersion - Mortensen, Dale T.
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Why are workers with identical skills found in both "good" jobs and "bad" jobs? Why are workers who do similar jobs paid differently, contrary to standard competitive theory? Observable differences in workers doing the same job account for only 30 percent of wage variation. In Wage Dispersion, Dale Mortensen examines the reasons for pay differentials in the other 70 percent. He finds that these differentials, or wage dispersion, are largely the result of job search friction (which arises when workers do not know the wages offered by all employers) and cross-firm differences in wage policy and productivity.…mehr

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Produktbeschreibung
Why are workers with identical skills found in both "good" jobs and "bad" jobs? Why are workers who do similar jobs paid differently, contrary to standard competitive theory? Observable differences in workers doing the same job account for only 30 percent of wage variation. In Wage Dispersion, Dale Mortensen examines the reasons for pay differentials in the other 70 percent. He finds that these differentials, or wage dispersion, are largely the result of job search friction (which arises when workers do not know the wages offered by all employers) and cross-firm differences in wage policy and productivity.
Autorenporträt
Dale Mortensen is Ida C. Cook Professor of Economics, a former Chairman of the Economics Department, and Director of the Mathematical Methods in the Social Sciences Program at Northwestern University. He is a founding editor of the Review of Economic Dynamics and a Fellow of the Econometrics Society and the American Academy of Arts and Sciences. He received the 2010 Nobel Prize in Economics.