Social Preferences, Skill Segregation and Wage Dynamics

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Show simple item record Cabrales, Antonio Calvó-Armengol, Antoni Pavoni, Nicola 2009-03-04T13:10:28Z 2009-03-04T13:10:28Z 2008
dc.identifier.bibliographicCitation Review of Economic Studies. 2008, vol. 75, nº 1, p. 65?98
dc.identifier.issn 0034-6527
dc.description.abstract We 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.format.mimetype text/plain
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Blackwell
dc.rights © The Review of Economic Studies
dc.title Social Preferences, Skill Segregation and Wage Dynamics
dc.type article PeerReviewed
dc.description.status Publicado
dc.subject.eciencia Economía
dc.identifier.doi 10.1111/j.1467-937X.2007.00460.x
dc.rights.accessRights openAccess
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