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Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching pro-cess from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...
Persistent link: https://www.econbiz.de/10010980688
Using a representative establishment dataset, this paper is the first to analyze the incidence of wage posting and wage bargaining in the matching process from the employer's side. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings...
Persistent link: https://www.econbiz.de/10010980930
productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient …
Persistent link: https://www.econbiz.de/10014296865
Persistent link: https://www.econbiz.de/10009791039
competing auctions and competitive search continue to hold unaltered even without ex ante price commitment. …
Persistent link: https://www.econbiz.de/10010907886
competing auctions and competitive search continue to hold unaltered even without ex ante price commitment. …
Persistent link: https://www.econbiz.de/10010931971
productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient …
Persistent link: https://www.econbiz.de/10014278008
Persistent link: https://www.econbiz.de/10005069411
competing auctions and competitive search continue to hold unaltered even without ex ante price commitment. …
Persistent link: https://www.econbiz.de/10011083306
Directed search models are market games in which each firm announces a wage commitment to attract a worker … commitments to fill their vacancies faster, which yields constrained efficient outcomes. We show that commitment is not essential … subsequent wage-formation stage. The insights from existing commitment models extend unchanged to such a cheap-talk environment …
Persistent link: https://www.econbiz.de/10011083578