Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/142414
Autoren: 
Taber, Christopher
Vejlin, Rune Majlund
Datum: 
2016
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 9975
Zusammenfassung: 
In this paper we develop a model capturing key features of the Roy model, a search model, compensating differentials, and human capital accumulation on-the-job. We establish which features of the model can be non-parametrically identified and which cannot. We estimate the model and use it to assess the relative contribution of the different factors for overall wage inequality. We find that Roy model inequality is the most important component accounting for the majority of wage variation. We also demonstrate that there is substantial interaction between the other features – most notably the importance of the job match obtained by search frictions varies from around 9% to around 29% depending on how we account for other features. Compensating differentials and search are both very important for explaining other features of the data such as the variation in utility. Search is important for turnover, but so is compensating differentials: 1/3 of all choices between two jobs would have resulted in a different outcome if the worker only cared about wages.
Schlagwörter: 
search
compensating differentials
Roy Model
wage inequality
JEL: 
J31
J32
J24
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
542.7 kB





Publikationen in EconStor sind urheberrechtlich geschützt.