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dc.contributor.authorBurda, Michael C.en_US
dc.contributor.authorBoeri, Titoen_US
dc.date.accessioned2009-01-28T16:13:36Z-
dc.date.available2009-01-28T16:13:36Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20368-
dc.description.abstractFiring frictions and renegotiation costs affect worker and firm preferences for rigid wages versus individualized Nash bargaining in a standard model of equilibrium unemployment, in which workers vary by observable skill. Rigid wages permit savings on renegotiation costs and prevent workers from exploiting the firing friction. For standard calibrations, the model can account for political support for wage rigidity by both workers and firms, especially in labor markets for intermediate skills. The firing friction is necessary for this effect, and reinforces the impact of both turbulence and other labor market institutions on preferences for rigid wages.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1133en_US
dc.subject.jelD7en_US
dc.subject.jelJ6en_US
dc.subject.jelJ5en_US
dc.subject.ddc330en_US
dc.subject.keywordwage rigiditiesen_US
dc.subject.keywordjob protectionen_US
dc.subject.keywordfiring taxesen_US
dc.subject.keywordrenegotiation costsen_US
dc.subject.keywordequilibrium unemploymenten_US
dc.subject.stwLohnrigiditäten_US
dc.subject.stwLohnverhandlungstheorieen_US
dc.subject.stwTheorie der Arbeitslosigkeiten_US
dc.subject.stwKündigungsschutzen_US
dc.subject.stwKostenen_US
dc.subject.stwVerhandlungstheorieen_US
dc.subject.stwTheorieen_US
dc.subject.stwTheorieen_US
dc.titlePreferences for Rigid versus Individualized Wage Setting in Search Economies with Frictionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn386737487en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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