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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20146Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Leonardi, Marco | - |
| dc.date | 2003 | - |
| dc.date.accessioned | 2013-10-16T07:08:58Z | - |
| dc.date.available | 2013-10-16T07:08:58Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/20146 | - |
| dc.identifier | ppn:372807232 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20146 | - |
| dc.description | This paper provides some empirical evidence and a theory of the relationship between residual wage inequality and the increasing dispersion of capital/labor ratios across firms. I document the increasing variance of capital/labor ratios across firms in the US labor market. I also show that the increase in the capital intensity variance across firms is associated with the increasing wage variance across workers. To explain this empirical fact, I adopt a search model where firms differ in their optimal capital investment. The decline in the relative price of equipment capital makes the firm distribution of capital/labor ratios more dispersed. In a frictional labor market, this force generates wage dispersion among identical workers. Simple calibration of the model indicates that the dispersion of capital/labor ratios can account for about one third of the total increase in residual wage inequality. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | IZA Discussion paper series 909 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | J31 | - |
| dc.subject | J21 | - |
| dc.subject | ddc:330 | - |
| dc.subject | wage inequality | - |
| dc.subject | capital intensity | - |
| dc.subject | search models | - |
| dc.subject | Lohnstruktur | - |
| dc.subject | Branche | - |
| dc.subject | Faktorintensität | - |
| dc.subject | Arbeitsnachfrage | - |
| dc.subject | Arbeitsuche | - |
| dc.subject | Suchtheorie | - |
| dc.subject | Investition | - |
| dc.subject | Theorie | - |
| dc.subject | Vereinigte Staaten | - |
| dc.title | Firm Heterogeneity in Capital/Labor Ratios and Wage Inequality | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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