Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20368 
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dc.contributor.authorBurda, Michael C.en
dc.contributor.authorBoeri, Titoen
dc.date.accessioned2009-01-28T16:13:36Z-
dc.date.available2009-01-28T16:13:36Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20368-
dc.description.abstractFiring frictions and renegotiation costs affect worker and firm preferences for rigid wagesversus individualized Nash bargaining in a standard model of equilibrium unemployment, inwhich workers vary by observable skill. Rigid wages permit savings on renegotiation costsand prevent workers from exploiting the firing friction. For standard calibrations, the modelcan account for political support for wage rigidity by both workers and firms, especially inlabor markets for intermediate skills. The firing friction is necessary for this effect, andreinforces the impact of both turbulence and other labor market institutions on preferences forrigid wages.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1133en
dc.subject.jelD7en
dc.subject.jelJ6en
dc.subject.jelJ5en
dc.subject.ddc330en
dc.subject.keywordwage rigiditiesen
dc.subject.keywordjob protectionen
dc.subject.keywordfiring taxesen
dc.subject.keywordrenegotiation costsen
dc.subject.keywordequilibrium unemploymenten
dc.subject.stwLohnrigiditäten
dc.subject.stwLohnverhandlungstheorieen
dc.subject.stwTheorie der Arbeitslosigkeiten
dc.subject.stwKündigungsschutzen
dc.subject.stwKostenen
dc.subject.stwVerhandlungstheorieen
dc.subject.stwTheorieen
dc.subject.stwTheorieen
dc.titlePreferences for Rigid versus Individualized Wage Setting in Search Economies with Frictions-
dc.typeWorking Paperen
dc.identifier.ppn386737487en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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