期刊名称：IoES Working Paper Series / Institute of Economic Studies, University of Iceland
出版年度：2005
卷号：2005
出版社：niversity of Iceland
摘要：We develop a model of monopsonistic wage competition with heterogenous worker ability
and intra-firm production complementarities. We use this to illustrate the conditions under
which: (i) the divergence between wages and productivity is an equilibrium phenomena; and
(ii) this divergence is increasing in worker ability. While the firstresultiswell-known,the
second is new. It derives from the intra-firm externalities that, it has sometimes been argued,
justify a firm’s existence. We show how the model can be used to explain a number of empirical
regularities that have hitherto been viewed as puzzles. We then confirm the empirical relevance
of our model using new establishment-level data.
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