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https://hdl.handle.net/2440/72627
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DC Field | Value | Language |
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dc.contributor.author | Tan, Serene Sze-Ching | en |
dc.date.issued | 2012 | en |
dc.identifier.citation | International Economic Review, 2012; 53(1):95-113 | en |
dc.identifier.issn | 0020-6598 | en |
dc.identifier.uri | http://hdl.handle.net/2440/72627 | - |
dc.description.abstract | Standard directed search models predict that larger firms pay lower wages than smaller firms, contrary to the data. This article proposes one way to obtain this positive size–wage differential in a directed search setting. I posit that there is an optimal size associated with a firm: A firm suffers a penalty by not operating at its optimal size. I show that if this penalty is sufficiently large the size–wage differential will be obtained. My model also gives a new way to look at the data because it highlights the importance of the distinction between intended and realized firm sizes. | en |
dc.description.statementofresponsibility | Serene Tan | en |
dc.language.iso | en | en |
dc.publisher | Univ Penn | en |
dc.rights | © (2012) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association | en |
dc.title | Directed search and firm size | en |
dc.type | Journal article | en |
dc.contributor.school | School of Economics | en |
dc.identifier.doi | 10.1111/j.1468-2354.2011.00672.x | en |
Appears in Collections: | Economics publications |
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