Narrow search
Showing 1 - 10 of 1,219
Cover Image
Inefficient Unemployment and Bargaining Friction
Yuen, C. Y. Kelvin - 2019
This paper explores the possibility of privately inefficient job separations due to bargaining friction and its … implications for the unemployment dynamics. I propose a simple specification of bargaining friction by including bargaining wedges … in the standard Nash bargaining model. Such bargaining wedge arises when, for example, wages are determined by …
Persistent link: https://www.econbiz.de/10012893924
Cover Image
Pautas cíclicas de la economía andaluza en el período 1984-2001: un análisis comparado
Pérez, Javier J.; López, Jesús Rodríguez; Leal, Teresa - Centro de Estudios Andaluces, Government of Andalusia - 2002
In this paper we characterize some cyclical patterns for the Andalusian economy, for the period 1984-2001. Our work is basically an empirical one. Our results show that the Andalusian economy is more volatile than Spain as a whole, although there exist an important degree of coherence between...
Persistent link: https://www.econbiz.de/10005157570
Cover Image
Invariance of unemployment and vacancy dynamics with respect to diminishing returns to labor at the firm level
Bruegemann, Bjoern - 2021
holds for several standard calibration strategies developed for the model with constant returns, alternative bargaining …
Persistent link: https://www.econbiz.de/10012510772
Cover Image
Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
Pace, Federico di; Faccini, Renato - 2010
cycles ; labour market fluctuations ; search and matching ; wage bargaining …
Persistent link: https://www.econbiz.de/10003969378
Cover Image
Unemployment crises
Petrosky-Nadeau, Nicolas; Zhang, Lu - 2014 - Last rev.: July 16, 2014
potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to …
Persistent link: https://www.econbiz.de/10010411443
Cover Image
Expected inflation, sunspots equilibria and persistent unemployment fluctuations
Dufourt, Frédéric; Lloyd-Braga, Teresa; Modesto, Leonor - 2009
inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf … bargaining …
Persistent link: https://www.econbiz.de/10003879337
Cover Image
Deep Habits and the Cyclical Behaviour of Equilibrium Unemployment and Vacancies
Di Pace, Federico - 2010
We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness being 20 times more volatile than consumption....
Persistent link: https://www.econbiz.de/10013142668
Cover Image
Heterogeneity in Staggered Wage Bargaining and Unemployment Volatility Puzzle
Kara, Engin - 2017
It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler and Trigari (2009) show this weakness of the model disappears when wage stickiness is introduced to the model. Pissarides (2009) disagrees with this modification, arguing that...
Persistent link: https://www.econbiz.de/10012951773
Cover Image
Higher Labor Market Bargaining Power, Higher Unemployment in Recessions
Atal, Vidya; Gharehgozli, Orkideh; San Vicente Portes, Luis - 2021
labor market dynamics under a Diamond-Mortensen Pissarides framework with Nash Bargaining and we observe that the effects of … negative output and productivity shock on the labor market can be explained through a bargaining power differential lens …
Persistent link: https://www.econbiz.de/10013212513
Cover Image
Credible Wage Bargaining and the Joint Dynamics of Unemployment and Inflation
Clerc, Pierrick - 2015
hours per worker. In this paper, real wage stickiness stems from wage bargaining with credible threat points, that we embed … credible bargaining induces strategic complementarities between firms …
Persistent link: https://www.econbiz.de/10013016813