Rent Rigidity, Asymmetric Information, and Volatility Bounds in Labor Markets

Recent findings have revived interest in the link between real wage rigidity and employment fluctuations, in the context of frictional labor markets. The standard search and matching model fails to generate substantial labor market fluctuations if wages are set by Nash bargaining, while it can gener...

Full description

Saved in:
Bibliographic details
Main Author: Bruegemann, Björn
Moscarini, Giuseppe
Format: Paper
Language: English
Place of publication: National Bureau of Economic Research 01.04.2007
Data of publication: 20070401
Series: NBER Working Paper Series
Online Access: Fulltext
Database: NBER Working Papers
National Bureau of Economic Research Publications
NBER Technical Working Papers Archive
Database information Databases - DBIS