Using two decades of annual data, we explore the links between real exchange rates and employment, wages and overtime … not have large effects on numbers of jobs or on hours worked. More substantial effects are picked up in industry wages …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The …

economies. Previous studies using industry aggregate data have found that industry wages are significantly more responsive than … Survey data for 1976 through 1998, we document that the main mechanism for exchange rate effects on wages occurs through job … turnover and the strong consequences this has for the wages of workers undergoing such job transitions. By contrast, workers …