| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4429 |
| DP4429 Spurious Growth in German Output Data, 1913-1938 | |
| Albrecht Ritschl | |
| 发表日期 | 2004-06-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Firing frictions and renegotiation costs affect worker and firm preferences for rigid wages versus individualized Nash bargaining in a standard model of equilibrium unemployment, in which workers vary by observable skill. Rigid wages permit savings on renegotiation costs and prevent workers from exploiting the firing friction. For standard calibrations, the model can account for political support for wage rigidity by both workers and firms, especially in labour markets for intermediate skills. The firing friction is necessary for this effect, and reinforces the impact of both turbulence and other labour market institutions on preferences for rigid wages. |
| 主题 | Labour Economics |
| 关键词 | Wage rigidities Job protection Firing taxes Renegotiation costs Equilibrium unemployment |
| URL | https://cepr.org/publications/dp4429 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533382 |
| 推荐引用方式 GB/T 7714 | Albrecht Ritschl. DP4429 Spurious Growth in German Output Data, 1913-1938. 2004. |
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