| 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 |
|