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We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model … are sufficiently low, collectively bargained wages are smaller. The theory sheds new light on policies concerned with …
Persistent link: https://www.econbiz.de/10003951899
We investigate an equilibrium search model in which the search frictions are increasing with the distance to the … central business district allowing for on-the-job search and endogenous (monopsony) wage formation and land allocation. We …
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We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10002514786
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … also generates job-to-job transitions with both wage cuts and jumps. -- Wage dispersion ; wage dynamics ; job search …
Persistent link: https://www.econbiz.de/10003814346
This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can … gains to trade. In this case, the Diamond paradox no longer holds. -- Job search ; recall ; wage determination ; Diamond …
Persistent link: https://www.econbiz.de/10003879353
A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are … impact of commute time on job acceptance decisions. We also use the theory to calculate the bargaining power of workers which … bargaining power of women with young children is essentially zero. -- Commuting ; search model ; simultaneous equations …
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