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Biased technological shocks, relative wage rigidities and low-skilled unemployment

Pierrard, Olivier; Sneessens, Henri R. - In: Scottish journal of political economy : the journal of … 55 (2008) 3, pp. 330-352

Persistent link: https://www.econbiz.de/10003727688

Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation

De Walque, Gregory; Pierrard, Olivier; Sneessens, Henri R. - 2008

Persistent link: https://www.econbiz.de/10003739816

Calvo wages in a search unemployment model

Bodart, Vincent; Pierrard, Olivier; Sneessens, Henri R. - 2005

Persistent link: https://www.econbiz.de/10003321913

Calvo wages in a search unemployment model

Bodart, Vincent (contributor); Pierrard, Olivier (contributor) - 2006

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in actual economies by imposing full real wage rigidity. We...