vacancies on the other hand, which is observationally equivalent to a constant returns Cobb-Douglas function commonly used to …

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 …

tightness of the two sectors and the composition of the labor force in terms of skills. Moreover it is proved that exogenous …

-biased technological change that made advanced skills scarce, this explanation does not fit well with the observed increase in … overqualification which suggests that advanced skills are in excess supply. By ?Reder-competition? I refer to the simultaneous …

wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired … replicate these findings in a search model, it must be that wages are rigid in ongoing jobs but flexible at the start of new …

proximate causes have been reversed (e.g., after wages in the high-unemployment regions have fallen relative to those in the low …-productivity "trap," through the attrition of skills and work habits. We develop and calibrate a model along these lines for East Germany … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

wages and the local unemployment rate - within a number of occupations. It exploits the Bank of Italy's Household Survey and …

economies. Based on the neoclassical tradition, the ratio of the marginal product of labor to real wages is generally defined as …