Title of article :
Nash bargaining with downward rigid wages
Author/Authors :
Antonio Cabrales، نويسنده , , Hugo Hopenhayn، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1997
Abstract :
We study the effect of downward wage rigidity in a dynamic model when wages are negotiated according to Nash bargaining. Downward rigidity causes a decrease in the workerʹs expected utility. For the firms the effect is ambiguous.
Keywords :
Downward wage rigidity , Labor market flexibility , Nash bargaining
Journal title :
Economics Letters
Journal title :
Economics Letters
