Information, Discrimination and the Long Run

Benoit Crutzen

Annals of Economics and Statistics, 2003, issue 71-72, 349-361

Abstract: This note studies the long-run behaviour of wages for two groups of workers in a stochastic matching model. The quality of the match is modeled as a Brownian motion with drift. Groups differ in the speed at which information relative to the quality of the match is revealed. The note shows that the expected cross-group wage differential for workers having never quit their job is everywhere at the favoured group's advantage.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2003:i:71-72:p:349-361

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