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Persistent link: https://www.econbiz.de/10009574854
This paper examines the development of wage inequality in the context of a Burdett-Mortensen (1998) model that is extended to incorporate worker heterogeneity through skill requirements in the production process. In this environment, wage dispersion is a natural consequence of firms pursuing...
Persistent link: https://www.econbiz.de/10011560747