Carlsson, Mikael; Eriksson, Stefan; Gottfries, Nils - Nationalekonomiska Institutionen, Uppsala Universitet - 2006
-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … level and employment is determined by labor demand. To compare models, we estimate an encompassing equation for net job …