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Composite Sorting / Job Boerma, Aleh Tsyvinski, Ruodu Wang, Zhenyuan Zhang.
- Format:
- Book
- Author/Creator:
- Boerma, Job.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31656.
- NBER working paper series no. w31656
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We propose a new sorting framework: composite sorting. Composite sorting comprises of (1) distinct worker types assigned to the same occupation, and (2) a given worker type simultaneously being part of both positive and negative sorting. Composite sorting arises when fixed investments mitigate variable costs of mismatch. We completely characterize optimal sorting and additionally show it is more positive when mismatch costs are less concave. We then characterize equilibrium wages. Wages have a regional hierarchical structure − relative wages depend solely on sorting within skill groups. Quantitatively, composite sorting can generate a sizable portion of within-occupations wage dispersion in the US.
- Notes:
- Print version record
- September 2023.
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