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We study the effects of mobility costs in a model of wage bargaining between workers and firms, where there is instantaneous matching, free firm entry, heterogeneous labour, and workers' individual productivities are discovered by firms only after being hired. We derive the employment level and...
Persistent link: https://www.econbiz.de/10011518874
We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) with the matching-bargaining models of Diamond, Mortensen and Pissarides (DMP). Firms and workers form pairwise matches, workers may shirk on the job, and the wage is set in an asymmetric Nash bargain over the...
Persistent link: https://www.econbiz.de/10010330282
We study the effects of mobility costs in a model of wage bargaining between workers and firms, where there is instantaneous matching, free firm entry, heterogeneous labour, and workers' individual productivities are discovered by firms only after being hired. We derive the employment level and...
Persistent link: https://www.econbiz.de/10010330294
Persistent link: https://www.econbiz.de/10005047949
We construct a model integrating the efficiency wage model of Shapiro-Stiglitz (1984) with the matching-bargaining models of Diamond, Mortensen and Pissarides (DMP). Firms and workers form pairwise matches, workers may shirk on the job, and the wage is set in an asymmetric Nash bargain over the...
Persistent link: https://www.econbiz.de/10011518445
Persistent link: https://www.econbiz.de/10010362450
Persistent link: https://www.econbiz.de/10012507203
collective agreements pay wages above the level stipulated in the agreement, which gives rise to a wage cushion between the … levels of actual and contractual wages. Cross-sectional and fixed-effects estimations for the period 2001-2006 indicate that …
Persistent link: https://www.econbiz.de/10010299254
successfully to raise worker wages, income inequality would almost certainly be higher than it is. …
Persistent link: https://www.econbiz.de/10011404852
study optimal regulation in a model in which wages are determined endogenously by wage bargaining at the firm level …. Compared to the case in which wages do not depend on the regime under which the firm is regulated, allowing for endogenously … determined wages has ambiguous effects on the regulatory contract. …
Persistent link: https://www.econbiz.de/10010330289