Equilibrium wage-tenure contracts

Econometrica

Volumn 71, Issue 5, 2003, Pages 1377-1404

  Burdett, Ken ^a,b   Coles, Melvyn ^a,c  

^a UNIVERSITY OF ESSEX   (United Kingdom)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c Barcelona)   (Spain)

Author keywords

Contracts; Search; Turnover; Wage dispersion; Wage tenure

Indexed keywords

CONTRACTS; MARKETING; PERSONNEL; WAGES;

JOB OPPORTUNITIES;

ECONOMICS;

EID: 0141973197     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0262.00453     Document Type: Article

References (17)

1. ACEMOGLU, D., AND R. SHIMER (1999): "Wage and Technology Dispersion," Review of Economic Studies, 68, 585-608.
2. ALBRECHT, J., AND B. AXELL (1984): "An Equilibrium Model of Search Unemployment," Journal of Political Economy, 92, 824-840.
3. BONTEMPS, C., J.-M. ROBIN, AND G. J. VAN DEN BERG (1999): "An Empirical Equilibrium Job Search Model with Search on the Job and Heterogenous Workers," International Economic Review, 40, 1039-1075.
4. _ (2000): "Equilibrium Search with Continuous Productivity Dispersion: Theory and Non-Parametric Estimation," International Economic Review, 41, 305-358.
5. BURDETT, K., AND D. T. MORTENSEN (1989): "Equilibrium Wage Distributions: Compensating and Otherwise," MEDS Working Paper, Northwestern University.
6. _ (1998): "Wage Differentials, Employer Size, and Unemployment," International Economic Review, 39, 257-273.
7. DIAMOND, P. A. (1971): "A Model of Price Adjustment," Journal of Economic Theory, 3, 156-168.
8. ECKSTEIN, Z., AND K. I. WOLPIN (1990): "Estimating a Market Equilibrium Search Model from Panel Data on Individuals," Econometrica, 58, 783-808.
9. LEONARD, D., AND N. V. LONG (1992): Optimal Control Theory and Static Optimization in Economics. Cambridge: Cambridge University Press.
10. MORTENSEN, D. T. (2002): "Wage Dispersion: Why are Similar Workers Paid Differently," Mimeo, Northwestern University.
11. POSTEL-VINAY, F., AND J.-M. ROBIN (2002a): "The Distribution of Earnings in an Equilibrium Search Model with State-Dependent Offers and Counter-Offers," International Economic Review, 41, 989-1017.
12. _ (2002b): "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity," Econometrica, 70, 2295-2350.
13. SHIMER, R. (1996): "Contracts in a Fractional Labor Market," Mimeo, MIT.
14. STEVENS, M. (1999): "Wage-Tenure Contraction in a Frictional Labour Market: Firms' Strategies for Recruitment and Retention," Mimeo, Oxford University.
15. _ (2002): "Wage-Tenure Contraction in a Frictional Labour Market: Firms' Strategies for Recruitment and Retention," Mimeo, Oxford University.
16. VAN DEN BERG, G. J. (1999): "Empirical Inference with Equilibrium Search Models of the Labor Market," Economic Journal, 109, F283-F307.
17. VAN DEN BERG, G. J., AND G. RIDDER (1998): "An Empirical Equilibrium Search Model of the Labor Market," Econometrica, 66, 1183-1221.