Wage Dispersion and Search Behavior: The Importance of Nonwage Job Values
利用失业求职者的新数据,识别工资与非工资工作价值的分布,发现非工资部分的离散度(0.34)大于工资部分(0.24),对理解求职者决策有参考价值。
We use a rich new body of data on the experiences of unemployed job seekers to determine the sources of wage dispersion and to create a search model consistent with the acceptance decisions the job seekers made. We identify the distributions of four key variables: offered wages, offered nonwage job values, job seekers' nonwork alternatives, and job seekers' personal productivities. We find that, conditional on personal productivity, the standard deviation of offered log wages is moderate, at 0.24, whereas the dispersion of the offered nonwage component is substantially larger, at 0.34. The resulting dispersion of offered job values is 0.38.