Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2003
be attributed to unobserved components in those characteristics. An assignment model with search frictions provides a …. The impact of search frictions on wages is large. Our results relate to the literature on industry wage differentials, on … structural identification in hedonic models, and on wage posting versus Nash bargaining in search models. …