Felli, Leonardo and Harris, Christopher (1994) Job matching, learning and the distribution of surplus. TE/1994/277. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London, UK.Full text not available from this repository.
We study wage determination in a job-matching model, under the assumption that wages may be continuously renegotiated, so as to reflect the employee's endogenous outside option. We characterize the unique equilibirum of the model and we analyse the distribution of producer surplus. The model is used to provide a theoretical analysis of the ongoing debate concerning the observed returns to specific (informational) human capital.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 1994 Leonardo Felli, Christopher Harris|
|Library of Congress subject classification:||H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor
|Sets:||Research centres and groups > Financial Markets Group (FMG)
Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Departments > Economics
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