HETEROGENEITY AND THE PUBLIC SECTOR WAGE POLICY
建立了一个包含搜索匹配摩擦和工人异质性的模型，评估英国公共部门工资政策改革对稳态失业的影响，发现将公共部门工资分布与私营部门对齐可使失业率降低1.4个百分点。
Abstract A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady state. The model was calibrated to the U.K. economy based on Labour Force Survey data. A review of the pay received by all public sector workers to align the distribution of wages with the private sector reduces steady‐state unemployment by 1.4 percentage points.