The limited influence of unemployment on the wage bargain

American Economic Review

Volumn 98, Issue 4, 2008, Pages 1653-1674

  Hall, Robert E ^a   Milgrom, Paul R ^b  

^a STANFORD UNIVERSITY   (United States)

^b STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 53349101627     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.98.4.1653     Document Type: Article

References (21)

1. Anderson, Patricia M., and Bruce D. Meyer. 1997. "Unemployment Insurance Takeup Rates and the AfterTax Value of Benefits." Quarterly Journal of Economics, 112(3): 913-37.
2. Binmore, Ken, Ariel Rubinstein, and Asher Wolinsky. 1986. "The Nash Bargaining Solution in Economic Modelling." RAND Journal of Economics, 17(2): 176-88.
3. Coles, Melvyn G., and Randall Wright. 1998. "A Dynamic Equilibrium Model of Search, Bargaining, and Money." Journal of Economic Theory, 78(1): 32-54.
4. Gale, Douglas M. 1986. "Bargaining and Competition Part I: Characterization." Econometrica, 54(4): 785-806.
5. Haefke, Christian, Marcus Sonntag, and Thijs van Rens. 2007. "Wage Rigidity and Job Creation." Unpublished.
6. Hagedorn, Marcus, and Iourii Manovskii. 2008. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited." American Economic Review, 98(4): 1692-1706.
7. Hall, Robert E. 2005. "Employment Fluctuations with Equilibrium Wage Stickiness." American Economic Review, 95(1): 50-65.
8. Hall, Robert E. 2006. "Job Loss, Job Finding, and Unemployment in the U.S. Economy over the Past Fifty Years." In NBER Macroeconomics Annual 2005, ed. Mark Gertler and Kenneth Rogoff, 103-37. Cambridge, MA: MIT Press.
9. Hall, Robert E. 2007. "Sources and Mechanisms of Cyclical Fluctuations in the Labor Market." Hoover Institution, Stanford University, www.Stanford.edu/~rehall.
10. Holden, Steinar. 1997. "Wage Bargaining, Holdout, and Inflation." Oxford Economic Papers, 49(2): 235-55.
11. Krueger, Alan B., and Bruce D. Meyer. 2002. "Labor Supply Effects of Social Insurance." In Handbook of Public Economics. Vol. 4, ed. Alan J. Auerbach and Martin Feldstein, 2327-92. Amsterdam: Elsevier Science.
12. Mortensen, Dale T., and Éva Nagypál. 2007. "More on Unemployment and Vacancy Fluctuations." Review of Economic Dynamics, 10(3): 327-47.
13. Mortensen, Dale T., and Christopher A. Pissarides. 1994. "Job Creation and Job Destruction in the Theory of Unemployment." Review of Economic Studies, 61(3): 397-415.
14. Osborne, Martin J., and Ariel Rubinstein. 1990. Bargaining and Markets. New York: Academic Press.
15. Petrongolo, Barbara, and Christopher A. Pissarides. 2001. "Looking into the Black Box: A Survey of the Matching Function." Journal of Economic Literature, 39(2): 390-431.
16. Pissarides, Christopher. 2007. "The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?" Walras-Bowley Lecture, North American Summer Meetings of the Econometric Society, Duke University.
17. Rubinstein, Ariel. 1982. "Perfect Equilibrium in a Bargaining Model." Econometrica, 50(1): 97-109.
18. Rubinstein, Ariel, and Asher Wolinsky. 1985. "Equilibrium in a Market with Sequential Bargaining." Econometrica, 53(5): 1133-50.
19. Shimer, Robert. 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies." American Economic Review, 95(1): 25-49.
20. Silva, José I., and Manuel Toledo. 2007. "Labor Turnover Costs and the Cyclical Behavior of Vacancies and Unemployment." Unpublished.
21. Wegerbauer, Maryanne L. 2000. Job Offer! A How-To Negotiation Guide. Indianapolis: Jist Publishing.