When is there more employment, with individual or collective wage bargaining?
José Ramón García Martínez and
Valeri Sorolla i Amat
No 2017-87, Economics Discussion Papers from Kiel Institute for the World Economy (IfW)
In a standard Diamond-Mortensen-Pissarides labour market with frictions, the authors seek to determine when there is more employment with individual wage bargaining than with collective wage bargaining, using a wage equation generated by the standard total surplus sharing rule. Using a Cobb-Douglas production function (AL,
Keywords: Matching Frictions; Unemployment; Individual and Collective Wage Setting (search for similar items in EconPapers)
JEL-codes: E24 O41 (search for similar items in EconPapers)
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