English, Article, Journal or magazine article edition: Compensating Wage Differentials, Workers' Heterogeneity and Imperfect Competition in the Labor Market Wauthy, Xavier; Zenou, Yves

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Compensating Wage Differentials, Workers' Heterogeneity and Imperfect Competition in the Labor Market
Author
  • Wauthy, Xavier
  • Zenou, Yves
Physical Description
  • preprint
Notes
  • In this paper, we explore a simple model which focuses on the joint role of workers' heterogeneity and imperfect competition in the endogeneous formation of labor market equilibria. We show that, compared to the competitive case, imperfect competition leads to a misallocation of workers and to an increase of the level of unemployment when the population is heterogeneous. When workers are all identical, competitive and Nash allocations become the same.
  • perfect versus imperfect competition in the labor market; heterogeneous versus homogeneous workers
  • RePEc:ctl:louvir:1997003
Language
  • English
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