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Taxes, subsidies and equilibrium unemployment
(1985)
This paper considers the effects of wage taxes, employment subsidies and unemployment benefits in a simple model of equilibrium search. Unemployment is determined by the equality of job matchings and job separations, job ...
Search, Wage Bargains and Cycles
(1987)
I use an equilibrium model of job matchings with a Nash wage equation to derive the response of wages and unemployment to productivity shocks. By endogenising labour’s threat point, I show that wages absorb fully permanent ...
Wages and Employment: A Framework for Analysis with Application to Three Policy Issues
(1987)
This paper surveys recent developments in the theory of employment and wages and describes a framework for policy analysis which recognizes the existence of monopolistic elements in labour markets. Wages are determined by ...