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Wage Differentials, Employer Size, and Unemployment

Kenneth Burdett and Dale T. Mortensen
International Economic Review
Vol. 39, No. 2 (May, 1998), pp. 257-273
DOI: 10.2307/2527292
Stable URL: http://www.jstor.org/stable/2527292
Page Count: 17
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Wage Differentials, Employer Size, and Unemployment
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Abstract

The unique equilibrium solution to a game in which a continuum of individual employers choose permanent wage offers and a continuum of workers search by sequentially sampling from the set of offers is characterized. Wage dispersion is a robust outcome provided that workers search while employed as well as when unemployed. The unique nondegenerate equilibrium distribution of wage offers is constructed for three cases: (i) identical workers and employers, (ii) identical employers and an atomless distribution of worker supply prices, and (iii) identical workers and an atomless distribution of job productivities.

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