Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2003
This Paper presents strong evidence for the concavity of wages in job and worker characteristics by adding second order …. The impact of search frictions on wages is large. Our results relate to the literature on industry wage differentials, on … structural identification in hedonic models, and on wage posting versus Nash bargaining in search models. …