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Wage posting or wage bargaining? : evidence from the employers’ side

Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - 2013

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...

Persistent link: https://www.econbiz.de/10010187629

Wage posting or wage bargaining? : evidence from the employers' side ; conference paper

Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - 2013

Using a representative establishment dataset, this paper analyzes the incidence of wage posting and wage bargaining in the matching process. We show that both modes of wage determination coexist in the German labor market, with about two-thirds of hirings being characterized by wage posting....

Persistent link: https://www.econbiz.de/10010339948

Wage posting or wage bargaining? : evidence from the employer's side

Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - 2013

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...

Persistent link: https://www.econbiz.de/10010126911

A Theory of Non-Coasean Labor Markets

Blanco, Andrés; Drenik, Andres; Moser, Christian; … - 2023

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

Efficient Competition through Cheap Talk: Competing Auctions and Competitive Search without Ex Ante Price Commitment

Kim, Kyungmin; Kircher, Philipp - C.E.P.R. Discussion Papers - 2013

competing auctions and competitive search continue to hold unaltered even without ex ante price commitment. …

Persistent link: https://www.econbiz.de/10011083306

Efficient Cheap Talk in Directed Search: On the Non-essentiality of Commitment in Market Games

Kim, Kyungmin; Kircher, Philipp - C.E.P.R. Discussion Papers - 2012

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