Boeri, Tito; Burda, Michael C. - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
. This paper models wage rigidity and collective bargaining endogenously, when workers differ by observable skill and may …Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination … adopt either individualised or collective wage bargaining. In the calibrated model, a substantial fraction of workers and …