This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such … flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper … uses nonparametric estimation to capture possible nonlinearities in the wage curve and relaxes the assumption of a stable …

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match … = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any …

market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment … represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a … both short-run and long-run wage setting. …

We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … precluding active monetary policy. Adjustment to past shocks has relied on flexible domestic prices. We find that a minimum wage … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 …

unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …

Governments often intervene in labor markets with the aim of reducing inequality and promoting employment. Such … intervention often results in wage compression and restrictions on how firms use their workers. This paper investigates the impact …

This paper gauges the potential effects on employment of rebalancing China's exportoriented growth model toward … employment and employment opportunities in the longer term, there could be employment losses in the short run as the economy … policies to cushion the employment impact in the transition, particularly in meeting the skills gap of associated with this …