such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage …-shirking type that empha- size the importance of aggregate labor market conditions as the main determinant in wage setting, e … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …

unobservable workers e ort by employers and wage contracts as in Shapiro and Stiglitz (1984), as well as a detailed government …

such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage … employment rate, are not found to be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal …

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage …-shirking type that emphasize the importance of aggregate labor market conditions as the main determinant in wage setting, e … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …

unobservable workers e ort by employers and wage contracts as in Shapiro and Stiglitz (1984), as well as a detailed government …

advance considerations, and one-period-ahead nominal wage contracts. In particular, the cash in advance constraint of Cooley … the nominal wage rigidity, when calibrated to Bulgarian data after the introduction of the currency board (1999 …