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income risk. All of these factors are necessary for matching both distribution and mobility, with a distinct role in inducing …
Persistent link: https://www.econbiz.de/10013011924
constrained families. Conversely, the presence of heterogeneity means that economic and linear statistical models of inheritance … Goldberger's (1989) criticism of human capital models of inheritance. Finally, we suggest that any cross-country differences in …
Persistent link: https://www.econbiz.de/10013222056
Despite dramatic workforce gains by women in recent decades, a substantial gender earnings gap persists and widens over the course of men's and women's careers. Since there are earnings differences across establishments, a key question is the extent to which the widening of the gender pay gap...
Persistent link: https://www.econbiz.de/10012956928
Asian Americans are the only non-white US racial group to experience long-term, institutional discrimination and subsequently exhibit high income. I re-examine this puzzle in California, where most Asians settled historically. Asians achieved extraordinary upward mobility relative to blacks and...
Persistent link: https://www.econbiz.de/10012979783
This paper examines the mobility of individuals through the wage and earnings distributions. This is of extreme importance since mobility has a direct implication for the way one views the vast changes in wage and earnings inequality in the United States over the last few decades. The measures...
Persistent link: https://www.econbiz.de/10013225932
different establishments, and increasing assortativeness in the matching of workers to plants. We use the models to decompose …
Persistent link: https://www.econbiz.de/10013065086
diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10013074651
facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed …
Persistent link: https://www.econbiz.de/10013152592
This paper extends Lucas and Prescott's (1974) search model to develop a notion of rest unemployment. The economy consists of a continuum of labor markets, each of which produces a heterogeneous good. There is a constant returns to scale production technology in each labor market, but labor...
Persistent link: https://www.econbiz.de/10012759557
-employee data. We find evidence of positive assortative matching. In the estimated equilibrium match distribution, the correlation … between worker skill and firm productivity is 0.12. The assortative matching has a substantial impact on wage dispersion. We …
Persistent link: https://www.econbiz.de/10013055506