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• W1552151569 abstract "This paper incorporates Nash bargaining, credible bargaining and efficiency wages as special cases of an over-arching model of wage determination in a matching model that is used to assess econometrically how well each fits US data. With Nash bargaining, estimates for worker bargaining power and the value of non-work activity are almost identical to those calibrated by Hagedorn and Manovskii (2008). However, the over-identifying restrictions are overwhelmingly rejected statistically, as they are for credible bargaining. Efficiency wages fit the data better, with the over-identifying restrictions not rejected statistically, and result in a lower, more plausible estimated value of non-work activity." @default.
• W1552151569 created "2016-06-24" @default.
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• W1552151569 date "2010-11-01" @default.
• W1552151569 modified "2023-09-27" @default.
• W1552151569 title "Nash Bargaining, Credible Bargaining and Efficiency wages in a matching model for the US" @default.
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