期刊
REVIEW OF ECONOMIC STUDIES
卷 79, 期 1, 页码 88-127出版社
OXFORD UNIV PRESS
DOI: 10.1093/restud/rdr022
关键词
Agglomeration; Wage Growth; Urban Wage Premium; J24; J31; J61; j64; R12; R23
类别
资金
- NICHD NIH HHS [R24 HD041020] Funding Source: Medline
In this paper, we decompose city size wage premia into various components. We base these decompositions on an estimated on-the-job search model that incorporates latent ability, search frictions, firm-worker match quality, human capital accumulation, and endogenous migration between large, medium, and small cities. Counterfactual simulations of the model indicate that variation in returns to experience and differences in wage intercepts across location type are the most important mechanisms contributing to observed city size wage premia. Variation in returns to experience is more important for generating wage premia between large and small locations, while differences in wage intercepts are more important for generating wage premia between medium and small locations. Sorting on unobserved ability within education group and differences in labour market search frictions and distributions of firm-worker match quality contribute little to observed city size wage premia. These conclusions hold for separate samples of high school and college graduates.
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