period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence …We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every …) the lower the effective workers' bargaining power for wages and (iii) the more important the hourly wage in the marginal …

We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local … deterministic endogenous fluctuations. However, we find that union's bargaining power can dramatically influence the local stability … of the system. In fact, while an increase in the bargaining power of unions reduces the scope for local indeterminacy …

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to … positive and negative economic shocks are not always symmetric. Only under sectoral bargaining there is a (nearly symmetric …) reaction to rising and falling unemployment. In contrast, wage growth in establishments without collective bargaining adjusts …

inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf … bargaining …

negotiations take place. We show that, in the absence of any distortion, sector-level bargaining ought to be less efficient than … bargaining taking place at the other levels. It follows that the introduction of labor market policies as a combination of … level at which bargaining takes place and the labor market performance is far more conditional than most studies acknowledge. …

bargaining ; polygyny ; Africa …

. This paper studies the determination of these payments. We analyze the problem of joint bargaining over wages and severance … workers, in which we assume that workers may be unionized and that bargaining is over wages and severance pay. Bargaining …