| dc.contributor.author | Pissarides, Christopher A. | en |
| dc.creator | Pissarides, Christopher A. | en |
| dc.date.accessioned | 2019-05-03T05:23:03Z | |
| dc.date.available | 2019-05-03T05:23:03Z | |
| dc.date.issued | 1987 | |
| dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47934 | |
| dc.description.abstract | 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 shock but only partially temporary shocks. Hence, unemployment responds to perceived temporary shocks but not to permanent shocks. © 1987 The Society for Economic Analysis Limited. | en |
| dc.language.iso | eng | en |
| dc.source | Review of Economic Studies | en |
| dc.title | Search, Wage Bargains and Cycles | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.identifier.doi | 10.2307/2297570 | |
| dc.description.volume | 54 | |
| dc.description.startingpage | 473 | |
| dc.description.endingpage | 483 | |
| dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
| dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
| dc.type.uhtype | Article | en |
| dc.contributor.orcid | Pissarides, Christopher A. [0000-0002-0695-058X] | |
| dc.description.totalnumpages | 473-483 | |
| dc.gnosis.orcid | 0000-0002-0695-058X | |
