Firms and Labor Market Inequality: Evidence and Some Theory
Firms and Labor Market Inequality: Evidence and Some Theory
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DOI:
10.1086/694153
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发表时间:
2018-01-01
影响因子:
3.8
通讯作者:
Kline, Patrick
中科院分区:
文献类型:
--
作者:
Card, David;Cardoso, Ana Rute;Kline, Patrick
We synthesize two related literatures on firm-level drivers of wage inequality. Studies of rent sharing that use matched worker-firm data find elasticities of wages with respect to value added per worker in the range of 0.05-0.15. Studies of wage determination with worker and firm fixed effects typically find that firm-specific premiums explain 20% of overall wage variation. To interpret these findings, we develop a model of wage setting in which workers have idiosyncratic tastes for different workplaces. Simple versions of this model can rationalize standard fixed effects specifications and also match the typical rent-sharing elasticities in the literature.