Arbeitspapier
Preferences for Rigid versus Individualized Wage Setting in Search Economies with Frictions
Firing 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 1133
- Klassifikation
-
Wirtschaft
- Thema
-
wage rigidities
job protection
firing taxes
renegotiation costs
equilibrium unemployment
Lohnrigidität
Lohnverhandlungstheorie
Theorie der Arbeitslosigkeit
Kündigungsschutz
Kosten
Verhandlungstheorie
Theorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burda, Michael C.
Boeri, Tito
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Burda, Michael C.
- Boeri, Tito
- Institute for the Study of Labor (IZA)
Entstanden
- 2004
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