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. …

Changes in the fraction of workers experiencing job separations can account for> most of the increase in earnings …-> 1980s. This is not true of changes in average earnings losses following job separations.> A search model with exogenous … earnings losses following job separations> (intensive margin). While both margins do well in accounting for the increase in …

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 …

A report showing that although rounding in earnings data is typically ignored, its systematic nature affects some … commonly used statistics based on earnings data, particularly those focusing on a specific region of the wage distribution. …

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

on the present expected value of earnings of new hires of a Fortune 1000 firm. For each of the five occupation/sex groups … considered, productivity falls with age, with productivity exceeding earnings for young workers and vice versa for older workers. …