Felli, Leonardo and Harris, Christopher (1994) Job matching, learning and the distribution of surplus. . Suntory and Toyota International Centres for Economics and Related Disciplines, London, UK.
Full text not available from this repository.Abstract
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) |
|---|---|
| Official URL: | http://sticerd.lse.ac.uk/ |
| Additional Information: | © 1994 Leonardo Felli, Christopher Harris |
| Divisions: | Financial Markets Group STICERD Economics |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 28 Feb 2008 |
| Last Modified: | 13 Sep 2024 19:35 |
| URI: | http://eprints.lse.ac.uk/id/eprint/3601 |
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