Equilibrium Wage Dispersion: Monopsony or Sorting?

Why are similar workers paid differently? I review and compare two lines of research that have recently witnessed great progress in addressing “unexplained” wage inequality: (i) worker unobserved heterogeneity in, and sorting by, human capital; (ii) firms’ monopsony power in labor markets characteri...

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Bibliographic details
Volume: 95
Main Author: Moscarini, Giuseppe
Format: Journal Article
Language: English
Place of publication: SIPI Spa 2005
published in: Rivista di Politica Economica Vol. 95; no. 2; pp. 3 - 24
Data of publication: 2005
ISSN: 0035-6468
Series: Rivista di Politica Economica
Online Access: available in Bonn?
Database: RePEc IDEAS
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