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...
|Place of publication:||
Cambridge, Mass National Bureau of Economic Research 2007
|Data of publication:||2007|
NBER working paper series
|Online Access:||available in Bonn?|
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