Title
Underpaid And Overworked - Measuring The Effect Of Imperfect Information On Wages
Abbreviated Journal Title
Econ. Inq.
Keywords
Economics
Abstract
This paper investigates the degree of shortfall between the wages workers earn and what they could earn assuming perfect or costless information in the labor market. We use the stochastic frontier regression technique to estimate the degree of shortfall found in wages on an individual basis. The paper tests, in addition, a number of hypotheses supplied by search theory in this context. The results generally confirm the propositions from search theory and indicate that, on the average, worker wages fall short of worker potential wages by approximately 10 percent.
Journal Title
Economic Inquiry
Volume
30
Issue/Number
3
Publication Date
1-1-1992
Document Type
Article
Language
English
First Page
511
Last Page
529
WOS Identifier
ISSN
0095-2583
Recommended Citation
"Underpaid And Overworked - Measuring The Effect Of Imperfect Information On Wages" (1992). Faculty Bibliography 1990s. 475.
https://stars.library.ucf.edu/facultybib1990/475
Comments
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