MARC Record from Library of Congress

LEADER: 02127cam a22003017a 4500
001 2008610944
003 DLC
005 20080814092149.0
007 cr |||||||||||
008 080718s2008 mau sb 000 0 eng
010 $a 2008610944
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aHelpman, Elhanan.
245 10 $aWages, unemployment and inequality with heterogeneous firms and workers$h[electronic resource] /$cElhanan Helpman, Oleg Itskhoki, Stephen Redding.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2008.
490 1 $aNBER working paper series ;$vworking paper 14122
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 7/18/2008.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality and income inequality, whereas greater worker heterogeneity has ambiguous effects. We also find that labor market frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components. Finally, high-ability workers have the lowest unemployment rates but the greatest wage inequality, and income inequality is lowest for intermediate ability. Although these results are interesting in their own right, the main contribution of the paper is in providing a framework for analyzing these types of issues"--National Bureau of Economic Research web site.
700 1 $aItskhoki, Oleg
700 1 $aRedding, Stephen.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 14122.
856 40 $uhttp://papers.nber.org/papers/w14122