of the individual is high compared to the bargaining power of the union, there is more unemployment with individual wage … vacancy is sufficiently high, there is more unemployment with individual wage setting. Finally, for a constant marginal … bargaining produces more unemployment. …

bargaining power of the individual is high compared to the bargaining power of the union, there is more unemployment with … opening a vacancy is sufficiently high, there is more unemployment with individual wage setting. Finally, for a constant …, individual bargaining produces more unemployment. …

unemployment was relatively slow with respect to sustained economic growth. Following Holden and Wulfsberg (2009), we compute a …

cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …

relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …

determination. Our theory sheds new light on how unemployment can affect workers' labor market outcomes and wage determination … unemployment durations are likely to be followed by lower re-employment wages because a worker's beliefs about his job …-finding process deteriorate with unemployment duration. Moreover, our analysis provides a set of useful results on dynamic programming …