Wage dispersion

Wage dispersion is an economic term which refers to the amount of variation in wages encountered in an economy.

Wage dispersion in the US and Europe

European countries have in general much less wage dispersion than the U.S. does. This is due to the fact the US are dealing with competition from abroad in a different way; they allowed the wages of lower-skilled workers to fall relative to those of highly skilled ones (under the premise of keeping some of the jobs that might have been outsourced).^{[citation needed]} Europe, however, maintained a somewhat higher level of wages, without suffering the high unemployment that blights the US. In Europe, higher base wages, not to mention rigid labour market regulations, such as the restrictions on laying off workers, and powerful trade unions, make hiring an employee a long-term investment in Europe - Not so in the US.^{[citation needed]}

See also

• Search theory
• Price dispersion
• Economic inequality

Books

• Dale T. Mortensen (2005), Wage Dispersion: Why Are Similar Workers Paid Differently?, MIT Press. ISBN 0-262-63319-1

This economic term article is a stub. You can help Wikipedia by expanding it.v · Categories: Labor economics Economics terminology Economic term stubs Wikimedia Foundation. 2010. Игры ⚽ Нужно сделать НИР? Jagdsinfonie Escovedo Look at other dictionaries: Dispersion — may refer to: In physics: The dependence of wave velocity on frequency or wavelength: Dispersion (optics), for light waves Dispersion (water waves) Acoustic dispersion, for sound waves Dispersion relation, the mathematical description of… …   Wikipedia Price dispersion — In economics, price dispersion is variation in prices across sellers of the same item, holding fixed the item s characteristics. Price dispersion can be viewed as a measure of trading frictions (or, tautologically, as a violation of the law of… …   Wikipedia European welfare state — There are three main interpretations of the idea of a welfare state: * the provision of welfare services by the state. * an ideal model in which the state assumes primary responsibility for the welfare of its citizens. This responsibility is… …   Wikipedia Compensating differential — is a term used in labor economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, which is also called a compensating wage differential… …   Wikipedia Andrew Weiss (economist) — Infobox Person born = Andrew Weiss image size = caption = birth date = birth place = death date = death place = occupation = spouse = parents = children = Andrew Weiss is Founder and Chief Executive Officer of Weiss Asset Management, a Boston… …   Wikipedia Dale T. Mortensen — Born February 2, 1939 (1939 02 02) (age 72) Nationality …   Wikipedia Dale Mortensen — Dale Thomas Mortensen Naissance 20 février 1948 Enterprise ( …   Wikipédia en Français Dale Mortensen — (2010) Dale Thomas Mortensen (* 2. Februar 1939 in Enterprise, Oregon) ist ein US amerikanischer Wirtschaftswissenschaftler. 2010 erhielt er den Preis für Wirtschaftswissenschaften der schwedischen Reichsbank im Gedenken an Alfred Nobel… …   Deutsch Wikipedia Frisch Medal — The Frisch Medal is an award in econometrics given by the Econometric Society. It is awarded every two years for empirical or theoretical applied research published in Econometrica during the previous five years. The award was named in honor of… …   Wikipedia Мортенсен, Дэйл — В Википедии есть статьи о других людях с такой фамилией, см. Мортенсен. Дэйл Мортенсен Dale T. Mortensen …   Википедия 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”