Kennan Wage Bargaining and Employment Fluctuations 3 2 . a Model of Sticky Wages with Private Information and Aggregate Shocks

@inproceedings{Kennan2004KennanWB,
  title={Kennan Wage Bargaining and Employment Fluctuations 3 2 . a Model of Sticky Wages with Private Information and Aggregate Shocks},
  author={John Kennan},
  year={2004}
}
thank Björn Brügemann, Bob Hall, Giuseppe Moscarini, Rob Shimer, and the participants in seminars at Northwestern, Yale and Duke for useful comments. I also thank the editor and two anonymous referees for their constructive criticism. I am particularly grateful to Rob Shimer for pointing out a serious mistake in early versions of the paper. The National Science Foundation provided research support. Private Information, Wage Bargaining and Employment Fluctuations 
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