Buhai, Sebastian; Portela, Miguel; Teulings, Coen N.; … - 2008
firm with stochastic product demand and hiring cost (= irreversible specific investments). There is wage bargaining between … hiring cost (= irreversible specific investments). There is
wage bargaining between a worker and its firm. Separations … lower wage than Jens, while they both do exactly the same
job, at the same �rm, and with equal skills? And why is Pedro �red …