Lubik, Thomas A.; Krause, Michael U. - Econometric Society - 2004
, in turn, is a central determinant of wages in the Nash bargaining approach. We argue in this paper that on-the-job search …, so is the number of on-the-job searchers. The bargaining power of incumbent workers and new hires therefore rises by much …, while bad jobs only recruit from the unemployed. We consider alternative assumptions for the bargaining process, which is …