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We analyze how frictions in the labour market influence the accumulation of general human capital. We find that investments in human capital benefits future employers, and that this positive externality leads to under-investments in human capital, and possibly top multiple, Pareto rankable...
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We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) with the matching-bargaining …
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We study the effects of mobility costs in a model of wage bargaining between workers and firms, where there is …
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study optimal regulation in a model in which wages are determined endogenously by wage bargaining at the firm level …
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