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Cited by 255

The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.

Unemployment Fluctuations With Staggered Nash Wage Bargaining

Open access
Gertler, Mark, Trigari, Antonella·2006·National Bureau of Economic Research
DOI 10.3386/w12498
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Abstract

A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle.We address this issue by modifying the MP framework to allow for staggered multiperiod wage contracting.What emerges is a tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the conventional formulation.An interesting side-product is the emergence of spillover effects of average wages on the bargaining process.We then show that a reasonable calibration of the model can account well for the cyclical behavior of wages and labor market activity observed in the data.The spillover effects turn out to be important in this respect.

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Metadata

Authors
Gertler, M., & Trigari, A.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
2006-08
DOI
10.3386/w12498
OpenAlex
W2168794914
Cited by
255
References
47
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: Unemployment Fluctuations With Staggered Nash Wage Bargaining. https://app.cochat.ai/papers/10.3386/w12498
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Gertler, M., & Trigari, A. (2006). Unemployment Fluctuations With Staggered Nash Wage Bargaining. National Bureau of Economic Research. https://doi.org/10.3386/w12498

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