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Full-Text Articles in Economics
Regression And Inference Under Smoothness Restrictions, Christopher Parmeter, Kai Sun, Daniel Henderson, Subal Kumbhakar
Regression And Inference Under Smoothness Restrictions, Christopher Parmeter, Kai Sun, Daniel Henderson, Subal Kumbhakar
Christopher F. Parmeter
No abstract provided.
The Effects Of Bargaining On Market Outcomes: Evidence From Buyer And Seller Specific Estimates, Subal Kumbhakar, Christopher Parmeter
The Effects Of Bargaining On Market Outcomes: Evidence From Buyer And Seller Specific Estimates, Subal Kumbhakar, Christopher Parmeter
Christopher F. Parmeter
In this paper we examine wage dispersion in labor markets across currently employed workers. We argue that differences in the potential productivity of a match (typically assumed to be known in the previous literature) generates a surplus between the minimum wage the worker is willing to accept and the maximum wage the firm is willing to offer for the job. Existence of this surplus leads to wage dispersion due to negotiating over the amounts extracted by each agent. Our objective is to estimate the surplus extracted by each firm-worker pair and the effect of the net extracted surplus on the …