wages covering the entire economy over theperiod 2001-2006 with monthly frequency. We find that the wage flexibility at …%and 7%. On average, wages change less often than consumer prices. Less than onepercent of (nominal) wages are cut... …

how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to … to adverse shocks due to their inability to adjust wages downward. Indeed, minimum wage restrictions were seen to …

This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized … system. Real wages and wage inflation emerge as especially persistent following an import price shock, while price inflation … wages is attributable mainly to unemployment shocks (about 80 percent), whereas variation in the forecast errors of prices …

. Wage growth of job stayers is moderated but still positive; and wages of entrants compared with those of incumbents are no …

This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an … important driver of wages, since the wage response to trade is small. Moreover, in line with the Stolper-Samuelson reasoning …

of wages of newly hired workers. The evidence suggests that external labour market conditions are less important than …