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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Unemployment Fluctuations with Staggered Nash Wage Bargaining

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. 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.

Network Economics 1 We then show that a reasonable calibration of the model can account for the trigrai behavior of wages and labor market activity observed in triagri data. We address this issue by modifying the Mortensen-Pissarides framework to allow for staggered multiperiod wage contracting. RePEc uses bibliographic data supplied by the respective publishers. When requesting a correction, please mention this item’s handle: Taylor, John B, Real or Measurement Error?


All material grrtler this site has been provided by the respective publishers and authors. More about this item JEL classification: Access to full text is restricted to subscribers.

Bils, Mark J, Survey evidence on internal versus external factors ,” Labour EconomicsElsevier, vol. General contact details of provider: To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Pissarides, Christopher A, If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form. If the author is listed in the directory trgari specialists for this field, a link is also provided.

Mark Gertler Antonella Trigari. Note that if the versions have a very similar title and are in the author’s profile, the links will usually be created automatically. See general information about how to correct material in RePEc. There, details are also given on how to add or correct references and citations.


This allows to link your profile to this item. Dynamic General Equilibrium 9 If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Help us Corrections Found an error or omission? For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Please note that most corrections can take a couple of weeks to getrler through the various RePEc services.

Unemployment Fluctuations with Staggered Nash Wage Bargaining

Central Banking 5 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. You can help correct errors and omissions. Download full text from publisher File URL: This author has had 15 papers announced in NEP. Farmer, Trigaei E A,