Racial Discrimination in Labor Markets with Posted Wage Offers
分析雇主发布工资报价的劳动力市场中的种族歧视，发现市场摩擦会放大种族差异，导致工资差距扩大、总产出下降，且白人和黑人工资均降低、企业利润增加。
We analyze race discrimination in labor markets in which wage offers are posted. If employers with job vacancies receive multiple applicants, they choose the most qualified but may choose arbitrarily among equally qualified applicants. In the model, firms post wages, workers choose where to apply, and firms decide which workers to hire. Labor-market frictions greatly amplify racial disparities, so mild discriminatory tastes or small productivity differences can produce large wage differentials between the races. Compared with the nondiscriminatory equilibrium, the discriminatory equilibrium features lower net output, lower wages for both white and black workers and greater profits for firms.(This abstract was borrowed from another version of this item.)