may be preferred to one with a high starting wage if the growth rate of wages is higher in the former than in the latter …

this type of model results in more employment variability and less-procyclical wages than do models without fixed hiring …

An analysis of working hours, wages, and employment when production requires coordinating the work schedules of …

fired or laid off choose jobs with wages that are higher than their previous jobs, a substantial proportion of these job … changers choose jobs that have lower wages. A model is constructed that is consistent with workers choosing a career path that … package. Due to compensating wage differentials, higher wages are paid where other job amenities are unattractive. Given this …

declines in wages, productivity, output, and consumption, and can increase the wage disparity between skilled and unskilled …

We document sectoral differences in changes in output, hours worked, prices, and nominal wages in the United States …. One sector is assumed to have flexible nominal wages, while nominal wages in the other sector are set using Taylor …. Alternatively, if wages are set using Calvo-type contracts, the decline in output is even smaller. …