Wages and the Size of Firms in Dynamic Matching Models

Giuseppe Bertola and Pietro Garibaldi

Review of Economic Dynamics, 2001, vol. 4, issue 2, 335-368

Abstract: This paper studies the joint distribution of wages and employment levels in simple matching models of job creation and destruction with costly search and firm-specific labor demand shocks. Existing evidence on the relationship between employer size, the mean and variance of employees' wages, and the character of gross job creation and destruction by continuing firms is broadly consistent with decreasing returns in firm-level production and hiring technologies (Copyright: Elsevier)

Keywords: wage dispersion; firm size distribution; recruiting (search for similar items in EconPapers)
JEL-codes: J31 J63 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (44)

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DOI: 10.1006/redy.2000.0114

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