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Job mobility, wage dispersion, and technological change: An asymmetric information perspective

Li, Jin (2013) Job mobility, wage dispersion, and technological change: An asymmetric information perspective. European Economic Review, 60. pp. 105-126. ISSN 0014-2921

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Identification Number: 10.1016/j.euroecorev.2013.01.008

Abstract

This paper develops a model of job mobility and wage dispersion with asymmetric information. Contrary to existing models in which the superior information of current employers leads to market collapse, this model generates a unique equilibrium outcome in which (a) positive turnover exists and (b) identical workers may be paid differently. The model implies that, in the presence of technological change that is skill-biased and favors general skills over firm-specific skills, the wage distribution becomes more spread out (corresponding to greater inequality) and job mobility increases

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/00142...
Additional Information: © 2013 Elsevier
Divisions: Management
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Date Deposited: 10 Oct 2017 10:07
Last Modified: 20 Mar 2019 02:18
URI: http://eprints.lse.ac.uk/id/eprint/84531

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