Belan, Pascal; Carré, Martine; Gregoir, Stéphane - In: Labour Economics 17 (2010) 5, pp. 776-788
We introduce a matching model that allows for classical and frictional unemployment. The labor market is dual featuring low-skilled and high-skilled workers and simple and complex jobs. Simple jobs pay a minimum wage, while wages in the complex jobs are determined by Nash bargaining....