Bargaining and wage rigidity in a matching model for the US
This paper uses robust econometric methods to assess previous empirical results for the Mortensen and Pissarides (1994) matching model. Assuming all wages are negotiated each period is inconsistent with the history dependence in US wages, even allowing for heterogeneous match productivities, time to...
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| Format: | Journal article |
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Wiley
2017
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