Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10003738507
Persistent link: https://www.econbiz.de/10002493105
We examine the mapping of the distribution of ability onto earnings in a hierarchical job assignment model. Workers are assigned to a continuum of jobs in fixed proportions, ordered by sensitivity to ability. The model implies a novel marginal productivity interpretation of wages. We derive...
Persistent link: https://www.econbiz.de/10014028752