Efficiency of two sided investments in an equilibrium unemployment framework

This paper investigates the efficiency of investments by firms and workers in a matching model with high- and low-productivity jobs. Search is sector specific and random within sectors. Search frictions and ex-post bargaining imply that wage inequality arises as a result of the difference in investm...

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Bibliographic Details
Published in:	Economic modelling Vol. 28; no. 3; pp. 1090 - 1098
Main Author:	Navarro, Lucas
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 01-05-2011 Elsevier Elsevier Science Ltd
Series:	Economic Modelling
Subjects:	Economic efficiency Economic models Efficiency Equilibrium Heterogeneity Investment Matching Matching Search frictions Heterogeneity Efficiency Modelling Productivity Search frictions Studies Unemployment Wage differential Wage differentials Matching Heterogeneity C78 Search frictions Efficiency J41 J64
Online Access:	Get full text
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