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This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10003715729
largely varies depending on demographic groups: it appears to be much larger for men than that for women and that the … bargaining power of women with young children is essentially zero. -- Commuting ; search model ; simultaneous equations …
Persistent link: https://www.econbiz.de/10003905644
largely varies depending on demographic groups: it appears to be much larger for men than that for women and that the … bargaining power of women with young children is essentially zero …
Persistent link: https://www.econbiz.de/10013155006
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages and competitiveness? To answer these questions, we...
Persistent link: https://www.econbiz.de/10012754391
Pattern bargaining with the tradables (manufacturing) sector as wage leader is a common form of wage bargaining in Europe. We question the conventional wisdom that such bargaining produces wage restraint. In our model all forms of pattern bargaining give the same outcomes as uncoordinated...
Persistent link: https://www.econbiz.de/10009230874
' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …
Persistent link: https://www.econbiz.de/10013347209
paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a … reasonable elasticity of steady state unemployment with respect to changes in benefits. The calibration of the model implies low …
Persistent link: https://www.econbiz.de/10011604969
When setting initial compensation, some firms set a fixed, non-negotiable wage while others bargain. In this paper we propose a parsimonious search and matching model with two sided heterogeneity, where the choice of wage-setting protocol, wages, search intensity, and degree of randomness in...
Persistent link: https://www.econbiz.de/10014091151
, wages of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …-2017. The simulated effects of SBTC on low-skilled unemployment are largely consistent with observed developments. For example …
Persistent link: https://www.econbiz.de/10013415325
of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …-2017. The simulated effects of SBTC on low-skilled unemployment are largely consistent with observed developments. For example …
Persistent link: https://www.econbiz.de/10013392126