LMSF, Lecture #10: Wage Posting and Endogenous Wage Distributions
Overview:
• Implications of the job search model for G(w) given F(w): A simple example
• Some general remarks about wages and wage determination: Monopsony and wage posting
• Implications of wage posting for the equilibrium wage offer distribution: One theory of F(w) given G(w): Burdett/Mortensen (1998)
• Directed search models –introductory remarks
by Prof. Burda
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