A General Equilibrium Model of Dynamic Monopsony

Boris Hirsch ()
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Boris Hirsch: Friedrich-Alexander-Universität Erlangen-Nürnberg

Chapter Chapter 8 in Monopsonistic Labour Markets and the Gender Pay Gap, 2010, pp 137-149 from Springer

Abstract: Abstract Other than in Part I, the focus of equilibrium search theory with wage posting lies on search frictions in labour markets and how they give rise to wage-setting power on the side of firms and to wage dispersion both on the side of firms and workers. Put differently, it aims to answer the question ‘Why are similar workers paid differently?,’ which is the subtitle of a monograph by Mortensen (2003) assessing this strand of theory, and ‘to explain both transitions in the labor market and the distribution of wages in the labor market in a coherent way.’ (Mortensen, 2003, p. xi)1

Keywords: Labour Market; Labour Supply; Reservation Wage; Wage Dispersion; Wage Offer (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-10409-1_8

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DOI: 10.1007/978-3-642-10409-1_8

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