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The Importance of Bundling in a Gorman-Lancaster Model of Earnings
James Heckman and Jose Scheinkman
The Review of Economic Studies
Vol. 54, No. 2 (Apr., 1987), pp. 243-255
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/2297514
Page Count: 13
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This paper considers a multisector Gorman-Lancaster linear characteristics model of earnings in which workers cannot unbundle their skills. Conditions are presented under which characteristics are uniformly priced across sectors. Empirical evidence is presented for the U.S. labour market that rejects the hypothesis of uniform pricing of characteristics.
The Review of Economic Studies © 1987 The Review of Economic Studies, Ltd.