We construct an equilibrium on-the-job search model in which workers value wages and amenities. We show by example that in a standard (Burdett/Mortensen) model with a distribution of worker tastes over amenities, worker mobility need not imply equilibrium wage dispersion. (C) 2017 Elsevier B.V. All rights reserved.
机构:
Univ Bielefeld, Fac Econ & Business Adm, Ctr Math Econ, D-33501 Bielefeld, GermanyUniv Bielefeld, Fac Econ & Business Adm, Ctr Math Econ, D-33501 Bielefeld, Germany
机构:
Fed Reserve Bank Kansas City, Res Dept, 1 Mem Dr, Kansas City, MO 64198 USAFed Reserve Bank Kansas City, Res Dept, 1 Mem Dr, Kansas City, MO 64198 USA
机构:
Univ Bielefeld, Fac Econ & Business Adm, Ctr Math Econ, D-33501 Bielefeld, GermanyUniv Bielefeld, Fac Econ & Business Adm, Ctr Math Econ, D-33501 Bielefeld, Germany
机构:
Fed Reserve Bank Kansas City, Res Dept, 1 Mem Dr, Kansas City, MO 64198 USAFed Reserve Bank Kansas City, Res Dept, 1 Mem Dr, Kansas City, MO 64198 USA