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In a model of job search with search frictions,it is difficult and time-consuming for workers and job vacancies to find each other.In this environment,the presence of prejudiced employers has a effect on minorities' wages.The extent of the wage discrimination depends on the prejudice of the employer.
Dividends
Distributions from a company to its shareholders, usually coming from the firm's earnings.
Cumulative Preferred Stock
A type of preferred stock that accrues dividends in the event that any dividends are missed, ensuring that preferred shareholders are paid both missed and current dividends before any are paid to common shareholders.
Common Stock
A type of equity security that represents ownership in a corporation, with voting rights and potential for dividends.
Dividends
Distributions made to shareholders by a company, often from its earnings.
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