Construct · 1 fields · 1 citations

frictional wage dispersion: a standalone construct

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Labor economics

wage differences among identical workers caused by search frictions, measured by the ratio of the mean to the lowest wage that search models can generate.

In labor economics, frictional wage dispersion refers to wage differences among identical workers caused by search frictions, measured by the ratio of the mean to the lowest wage that search models can generate. This meaning comes from Hornstein (2011) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

dispersion4 fields · 6 citationsjingle · one word, four constructs friction6 fields · 12 citationsjingle · one name, six constructs labor4 fields · 4 citationsjingle · one word, four constructs

References

Hornstein, A., Krusell, P., & Violante, G. L. (2011). Frictional Wage Dispersion in Search Models: A Quantitative Assessment. American Economic Review, 101(7), 2873-2898. https://doi.org/10.1257/aer.101.7.2873

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