Cysne, Rubens P. - Associação dos Centros de Pós-Graduação em … - 2004
This paper investigates the income inequality generated by a job-search process when di¤erent cohorts of homogeneous workers are allowed to have di¤erent degrees of impatience. Using the fact the average wage under the invariant Markovian distribution is a decreasing function of the time...