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Frictional wage dispersion in search models : : a quantitative assessment

Hornstein, Andreas (contributor); Krusell, Per (contributor) - 2006

"Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small amount of frictional wage dispersion, i.e., wage differentials among exante similar workers induced purely by search frictions. We derive this result for a specific measure of...

Persistent link: https://www.econbiz.de/10003375225