worker satisfaction. Theoretically, wages of others may affect workers' utility for two main reasons: Workers may derive well …-being from their social status (comparison hypothesis) and/or they may use others wages to help predict their own future wage … model using British employer-employee data. Incomplete information about others wages is assumed. The author finds that 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 …

employers and employees to contract low wages and then to exploit the government. The paper analyses if such incentives do exist …. It turns out that this is the case under specific conditions. However, minimum wages are not the adequate remedy to …