Job Mobility , Wage Dispersion , and Technological Change : An Asymmetric Information Perspective

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 di¤erently. The model implies… (More)

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