Wage Bargaining and Unemployment Persistence
This paper looks at models of unemployment which make two central assumptions. The first is that wages are bargained between firms and employed workers, and that unemployment affects the outcome only to the extent that it affects the labor market prospects of either employed workers or of firms. The second is that the duration of unemployment affects either the search behavior or the skills of the unemployed, and/or the perceptions of firms of such skills. It argues that such models may explain riot only the evolution of European unemployment over the last two decades -an evolution which triggered their development, but many of the cyclical features of labor markets in general.
|Date of creation:||Mar 1991|
|Date of revision:|
|Publication status:||published as Journal of Money, Credit and Banking, 23-3-1, 1991, pp. 277-292.|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Olivier Jean Blanchard & Peter A. Diamond, 1989.
"The Aggregate Matching Function,"
NBER Working Papers
3175, National Bureau of Economic Research, Inc.
- Alan B. Krueger & Lawrence H. Summers, 1986. "Reflections on the Inter-Industry Wage Structure," NBER Working Papers 1968, National Bureau of Economic Research, Inc.
- Blanchard, O.J. & Diamond, P., 1990.
"Ranking, Unemployment Duration, And Wages,"
546, Massachusetts Institute of Technology (MIT), Department of Economics.
- Christofides, Louis N & Oswald, Andrew J, 1992.
"Real Wage Determination and Rent-Sharing in Collective Bargaining Agreements,"
The Quarterly Journal of Economics,
MIT Press, vol. 107(3), pages 985-1002, August.
- L Christofides & A Oswald, 1991. "Real Wage Determination and Rent-Sharing in Collective Bargaining Agreements," CEP Discussion Papers dp0042, Centre for Economic Performance, LSE.
- Nickell, Stephen J, 1990. "Unemployment: A Survey," Economic Journal, Royal Economic Society, vol. 100(401), pages 391-439, June.
- Summers, Lawrence H. & Dickens, William T. & Katz, Lawrence F. & Lang, Kevin, 1989.
"Employee Crime and the Monitoring Puzzle,"
3645199, Harvard University Department of Economics.
- Diamond, Peter A, 1982. "Wage Determination and Efficiency in Search Equilibrium," Review of Economic Studies, Wiley Blackwell, vol. 49(2), pages 217-27, April.
- repec:fth:harver:1515 is not listed on IDEAS
- Jackman, Richard & Layard, Richard, 1991. "Does Long-term Unemployment Reduce a Person's Chance of a Job? A Time-Series Test," Economica, London School of Economics and Political Science, vol. 58(229), pages 93-106, February.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:3664. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.