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Titre : | Reduced form wage equations in the credible bargaining model (2018) |
Auteurs : | Vincent Boitier |
Type de document : | Article : texte imprimé |
Dans : | Labour economics (vol. 50, March 2018) |
Article en page(s) : | pp. 92-96 |
Langues: | Anglais |
Catégories : |
Thésaurus CEREQ SALAIRE ; NEGOCIATION ; RECRUTEMENT ; MODELISATION ; ECONOMETRIE |
Résumé : | We derive an explicit solution for the wage from an alternating-offer wage bargaining game à la Hall and Milgrom (2008) under a plausible parameter restriction. This solution is simple, micro-founded and permits a transparent analysis of the driving forces of wages. When it is used in a stationary steady-state search and matching model, the value of all endogenous variables can be expressed as a function of the parameters of the model and the exogenous variables. In a dynamic setup, the solution is much simpler to implement than the one found in the original paper of Hall and Milgrom (2008). |
Document Céreq : | Non |
En ligne : | https://www.sciencedirect.com/science/article/pii/S0927537116300124 |