INFLATION AND THE DISPERSION OF REAL WAGES*
在搜索-货币框架下研究通货膨胀对实际工资离散度的影响，发现低通胀会增大工资离散度，这与美国1980-1990年代的趋势及实证文献一致。
The article studies the effects of inflation on real wage dispersion in a search‐monetary framework. The economy is characterized by frictions in both the goods and the labor markets. In the goods market, buyers and sellers bargain over prices, whereas in the labor market firms post wage offers. In equilibrium, a lower inflation rate increases the dispersion of real wages. This result is consistent with both the observed trends in wage dispersion and the inflation rate witnessed in the 1980s and the 1990s in the United States and the empirical literature linking reduced inflation to greater wage dispersion.