Wages and the Size of Firms in Dynamic Matching Models

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 labour 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 are broadly consistent with decreasing returns in firm-level production and hiring technologies.

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Year of publication:	2000-10
Authors:	Bertola, Giuseppe ; Garibaldi, Pietro
Institutions:	C.E.P.R. Discussion Papers
Subject:	Firm Size Distribution \| Recruiting \| Wage Dispersion

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2576
Classification:	J30 - Wages, Compensation, and Labor Costs. General ; J60 - Mobility, Unemployment, and Vacancies. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005656124