as the number of job applications that workers send out. The wage distribution and job search intensities are … simultaneously opening more vacancies and increasing participation. A modest binding minimum wage or conditioning UI benefits on …

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical … firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium … where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers …

the wage mechanism are in general notindependent. The wage mechanism determines both the distribution of networksthat can … network formation. Under complete recall(firms can go back and forth between all their candidates) only wage mechanismsthat …

) themax-mean wage differential. The latter measure of wage dispersion is more robustthan measures based on the reservation … wage, due to the long left tail of the wagedistribution. We estimate this wage differential using data on match quality … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …

. Firms that compete for the same candidate can increase their wage offers as often as they like. We show that if workers …

wage setting without commitment creates a "business-stealing" externality. In the absence of congestion effects, this leads … to excessive vacancy creation. Under wage setting with commitment this externality is absent because when posting a wage …

An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A … heterogeneity and on-the-job search. We compare the most favorable case of a collective wage agreement (i.e. the wage that a planner … would choose under the constraint that all firms in a sector-occupation cell must offer the same wage) with the case without …

We investigate the relationship between exporting, importing, and wage premia using a richmatched employer … set of worker- and firm-levelobservable and unobservable characteristics to the wage gap, and (ii) by controlling for … firm size and sales are, todifferent extents, important components of the wage gap both for exporters and importers …