On the quantitative importance of wage bargaining models

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• dc.contributor.author Costain, James S.ca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:50:05Z
• dc.date.available 2017-07-26T10:50:05Z
• dc.date.issued 1998-01-01
• dc.date.modified 2017-07-23T02:03:24Z
• dc.description.abstract Four general equilibrium search models are compared quantitatively. The baseline framework is a calibrated macroeconomic model of the US economy designed for a welfare analysis of unemployment insurance policy. The other models make three simple and natural specification changes, regarding tax incidence, monopsony power in wage determination, and the relevant threat point. These specification changes have a major impact on the equilibrium and on the welfare implications of unemployment insurance, partly because search externalities magnify the effects of wage changes. The optimal level of unemployment insurance depends strongly on whether raising benefits has a larger impact on search effort or on hiring expenditure.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=262
• dc.identifier.uri http://hdl.handle.net/10230/966
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 262
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword wage bargaining
• dc.subject.keyword search
• dc.subject.keyword matching
• dc.subject.keyword unemployment insurance
• dc.subject.keyword tax incidence
• dc.subject.keyword monopsony
• dc.subject.keyword threat point
• dc.subject.keyword Microeconomics
• dc.title On the quantitative importance of wage bargaining modelsca
• dc.type info:eu-repo/semantics/workingPaper