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...

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Bibliographic details
Main Author: Bruegemann, Bjoern
Moscarini, Giuseppe
Format: Book
Language: English
Place of publication: Cambridge, Mass National Bureau of Economic Research 2007
Data of publication: 2007
Series: NBER working paper series
Online Access: available in Bonn?
Database: ECONIS
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