Insider Bargaining Power, Starting Wages and Involuntary Unemployment
研究了内部人议价能力如何通过影响起薪来影响外部人雇佣，发现内部人议价能力提高会推高起薪并减少外部人就业。
Recent studies of wage bargaining and unemployment have emphasized the distinction between insiders and outsiders, and that unions act in the interest of insiders. Yet it is typically assumed that insiders and recently hired outsiders are paid the same wage. We consider a model where the starting wage may differ from the insider wage, but incentive constraints associated with turnover affect the form of the contract. We examine under what conditions the starting wage is linked to the insider wage so that increased bargaining power of insiders raises the starting wage and reduces the hiring of outsiders.