Wage Dispersion: Why Are Similar Workers Paid Differently?
Why are workers with identical skills found in both "good" jobs and "bad" jobs? Why are workers who do similar jobs paid differently, contrary to standard competitive theory? Observable differences in workers doing the same job account for only 30 percent of wage variation.\ In Wage Dispersion, Dale Mortensen examines the reasons for pay differentials in the other 70percent. He finds that these differentials, or wage dispersion, are largely the result of job search friction (which arises when...
Search in google:
A theoretical and empirical examination of wage differentials finds that traditional theories of competition do not explain why workers with identical skills are paid differently.
Series ForewordForewordPrefaceIntroduction11Evidence in Search of Theory92The Burdett-Mortensen Model353The Shape of Wage Dispersion474Wage Dispersion and Worker Flows715The Wage-Tenure Relation97AppAn Existence Proof125Afterword129Bibliography133Index139
