Bargaining and wage rigidity in a matching model for the US
<p style="text-align:justify;"> The Mortensen and Pissarides (1994) matching model with all wages negotiated each period is shown inconsistent with macroeconomic wage dynamics in the US. This applies even when heterogeneous match productivities, time to build vacancies and credible...
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| Format: | Working paper |
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IZA
2015
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