Browsing ECO Working Papers by Author "HERTWECK, Matthias S."

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Browsing ECO Working Papers by Author "HERTWECK, Matthias S."

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    Title: Strategic Wage Bargaining, Labor Market Volatility and Persistence  Author(s): HERTWECK, Matthias S. Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper modifies the standard Mortensen-Pissarides job matching model in order to explain the cyclical behavior of vacancies and unemployment. The modifications include strategic wage bargaining (Hall and Milgrom, ...