Can the Mortensen-Pissarides model with productivity changes explain US wage inequality?

• 成果类型: Article
• 署名作者: Wong, LY
• 署名单位: State University of New York (SUNY) System; Binghamton University, SUNY
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/344124
• 发表日期: 2003
• 页码: 70-105
• 关键词: labor-market; job destruction; business-cycle; unemployment; search; creation; skill; differentials; equilibrium; TECHNOLOGY

摘要

This article examines whether the Mortensen-Pissarides matching model with productivity changes can explain the time pattern of wage inequality. The main finding is that the model produces counterfactual results. The main source of failure seems to be the exogenous matching function and/or the exogenous surplus share, neither of which allows firms to use wage policies to direct workers' searches.