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This paper develops a search and matching model with heterogeneous firms, on-the-job search by workers, Nash bargaining over wages and adaptive learning. We assume that workers are boundedly rational in the sense that they do not have perfect foresight about the outcome of wage bargaining....
Persistent link: https://www.econbiz.de/10012042143
Persistent link: https://www.econbiz.de/10013359314
This paper develops a search and matching model with heterogeneous firms, on-the-job search by workers, Nash bargaining over wages and adaptive learning. We assume that workers are boundedly rational in the sense that they do not have perfect foresight about the outcome of wage bargaining....
Persistent link: https://www.econbiz.de/10012895321
This paper develops a search and matching model with heterogeneous firms, on-the-job search by workers, Nash bargaining over wages and adaptive learning. We assume that workers are boundedly rational in the sense that they do not have perfect foresight about the outcome of wage bargaining....
Persistent link: https://www.econbiz.de/10011946462
Persistent link: https://www.econbiz.de/10014552777
We develop a theoretical labour market model with two generations of workers, endogenous social networks of parents and binary schooling choices of children. Since the market skill premium is unobservable, families rely on noisy wage information obtained from their social contacts giving rise to...
Persistent link: https://www.econbiz.de/10013311786
Persistent link: https://www.econbiz.de/10014313794