Vona, Francesco; Zamparelli, Luca - In: Eastern Economic Journal 40 (2014) 3, pp. 349-364
We adopt a standard search and matching model with endogenous job destruction to investigate two issues. First, we use a simplified version of Boeri-Burda to show that at sufficiently low levels of wage share, centralized wage bargaining performs better than decentralized bargaining in terms of...