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Social Preferences, Skill Segregation and Wage Dynamics

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorCabrales, Antonio
dc.contributor.authorCalvó-Armengol, Antoni
dc.contributor.authorPavoni, Nicola
dc.date.accessioned2009-03-04T13:10:28Z
dc.date.available2009-03-04T13:10:28Z
dc.date.issued2008
dc.description.abstractWe study the earning structure and the equilibrium asignment of workers to firms in a model in which workers have social preferences, and skills are perfectly substitutable in production. Firms offer long-term contracts, and we allow for frictions in the labour market in the form of mobility costs. The model delivers specific predictions about the nature of worker flows, about the characteristic of workplace skill segregation, and about wage dispersion both within and cross firms. We shows that long-term contracts in the resence of social preferences associate within-firm wage dispersion with novel "internal labour market" features such as gradual promotions, productivity-unrelated wage increases, and downward wage flexibility. These three dynamic features lead to productivity-unrelated wage volatily within firms.
dc.description.statusPublicado
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationReview of Economic Studies. 2008, vol. 75, nº 1, p. 65?98
dc.identifier.doi10.1111/j.1467-937X.2007.00460.x
dc.identifier.issn0034-6527
dc.identifier.urihttps://hdl.handle.net/10016/3471
dc.language.isoeng
dc.publisherBlackwell
dc.relation.publisherversionhttp://www3.interscience.wiley.com/journal/119395820/abstract
dc.relation.publisherversionhttp://dx.doi.org/10.1111/j.1467-937X.2007.00460.x
dc.rights© The Review of Economic Studies
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.titleSocial Preferences, Skill Segregation and Wage Dynamics
dc.typeresearch article*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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