Technical appendix for \"Frictional wage dispersion in search models: a quantitative assessment\"

Andreas Hornstein, Per Krusell and Giovanni Violante

No 06-08, Working Paper from Federal Reserve Bank of Richmond

Abstract: In this Technical Appendix to Hornstein, Krusell, and Violante (2006) (HKV, 2006, hereafter) we provide a detailed characterization of the search model with (1) wage shocks during employment and (2) on-the-job search outlined in Sections 6 and 7 of that paper, and we derive all of the results that are only stated in HKV (2006). In particular, we derive the expressions for our preferred measure of frictional wage inequality: the ratio of average wages to the reservation wage, or, the `mean-min' wage ratio.

Date: 2006
New Economics Papers: this item is included in nep-dge and nep-lab
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