Jäger, Simon; Schoefer, Benjamin; Young, Samuel; … - 2018
Nonemployment is often posited as a worker's outside option in wage setting models such as bargaining and wage posting … benefit increase, and we can reject sensitivities larger than 0.03. In contrast, a calibrated Nash bargaining model predicts a … bargaining power, with low labor force attachment, with high predicted unemployment duration, among job switchers and recently …