Efficient Bargaining and the Skill-Structure of Wages and Employment

Abstract

This paper presents structural estimates for a bargaining model which nests the right{to{manage, the eÆcient wage bargaining, the seniority and the standard neoclassical labor demand model as special cases. In contrast to most existing models, our approach accounts for heterogeneous skill groups which di er in terms of productivity and representation in the… (More)

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