17 Flinn () estimates the bargaining power parameter to be in this range. .. baseline model with staggered wage contracting (Gertler-Trigari). While. Mark Gertler & Antonella Trigari, “Unemployment fluctuations with staggered Nash wage bargaining,” Proceedings, Federal Reserve Bank of San. Mark Gertler & Antonella Trigari, “Unemployment Fluctuations with Staggered Nash Wage Bargaining,” Journal of Political Economy, University of Chicago.
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As the access to this document is restricted, you may want to look for a different version below or search for a different version of it. Other versions of this item: Taylor, John B, Kimball, Miles S, Survey evidence on internal versus gertelr factors ,” Labour EconomicsElsevier, vol.
Antonella Trigari | IDEAS/RePEc
Trivari or Measurement Error? Bils, Mark J, Farmer, Roger E A, Pissarides, Christopher A, You can help correct errors and omissions. When requesting a correction, please mention this item’s handle: See general information about how to correct material in RePEc. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: General contact details of provider: If you have authored this item and are not yet registered with RePEc, we encourage you to do it here.
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Unemployment Fluctuations with Staggered Nash Wage Bargaining
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Mark Gertler Antonella Trigari. A number of authors have argued that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the Mortensen-Pissarides framework to allow for staggered multiperiod wage contracting. What emerges is a tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the conventional formulation.
We then show that a reasonable calibration of the model can account for the cyclical behavior of wages and labor market activity observed in the data. Download full text from publisher File URL: Access to full text is restricted to subscribers. More about this item JEL classification: Corrections All material on this site has been provided by the respective publishers and authors.
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