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Market Imperfections and Wage Inequality

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Author Info
Sandén, Klas () (Department of Economics, School of Business, Economics and Law, Göteborg University)
Abstract

This paper investigates the relationship between various market imperfections and the skill premium. The model in this paper assumes perfectly competitive labor markets but distorted product and financial markets. The model predicts that the skill premium is positively correlated with market power, modeled using preference for variety, and shorter product cycles. The effect from financial market distortions or taxes on financial income is ambiguous. Positive external effects among firms developing new goods decrease the skill premium.

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File URL: http://hdl.handle.net/2077/4755
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number 264.

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Length: 31 pages
Date of creation: 10 Sep 2007
Date of revision:
Handle: RePEc:hhs:gunwpe:0264

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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For technical questions regarding this item, or to correct its listing, contact: (Jens Anmark).

Related research
Keywords: Wage Inequality Monopolistic Competition Innovation

Find related papers by JEL classification:
D33 - Microeconomics - - Distribution - - - Factor Income Distribution
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
D92 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Firm Choice and Growth, Investment, or Financing
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives

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