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Persistent link: https://www.econbiz.de/10003806880
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....
Persistent link: https://www.econbiz.de/10003155785
Persistent link: https://www.econbiz.de/10003311113
The paper develops an equilibrium search and matching model where two-person families as well as singles participate in …
Persistent link: https://www.econbiz.de/10003934491
The paper develops an equilibrium search and matching model where two-person families as well as singles participate in …
Persistent link: https://www.econbiz.de/10003935195
The paper develops an equilibrium search and matching model where two-person families as well as singles participate in …
Persistent link: https://www.econbiz.de/10003921136
Persistent link: https://www.econbiz.de/10009552035
Persistent link: https://www.econbiz.de/10002982946
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....
Persistent link: https://www.econbiz.de/10003121016
Persistent link: https://www.econbiz.de/10003739816