proximate causes have been reversed (e.g., after wages in the high-unemployment regions have fallen relative to those in the low …-unemployment regions). We suggest that the longer people are unemployed, the greater is the likelihood of falling into a low-productivity … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

wages positively correlated with the size of the firm employing them. To explain these findings the author augments the … their counterparts in smaller firms, while the laborers of the larger firms receive higher wages to compensate them for the …

wage rate equal to their marginal productivity. However, this observation is not supported empirically for various … economies. Based on the neoclassical tradition, the ratio of the marginal product of labor to real wages is generally defined as … the Pigouvian exploitation rate. In this paper, the authors calculate this specific wage-productivity gap for the …

We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular … significant reduction in wages as materials offshoring increases, while permanent workers’ wages are unaffected or even tend to … effects on either wages or employment probabilities in manufacturing. In the service industries, workers are affected in terms …

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … implications of how the sticky wages enter into the hiring decision, and there seems to be a tradeoff between generating business …

facts on labor’s share. I find that staggered bargaining in nominal wages best allows the model to plausibly match the … negative relationship between labor’s share and lagged productivity growth and inflation. I also evaluate the role of labor …

This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower … productivity increase (1.31%) and a decrease in weekly hours worked (4%). Finally, the full flexibility scenario preserves …

productivity of a firm, the more likely it is to opt for centralized wage formation where it can hide behind less productive firms …