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 …

, we find that household characteristics explain about 25% of the dispersion in wages within an age group in all three … countries. Second, the cross-sectional variance of wages is almost linearly increasing in household age in all three countries …

-specific minimum wages and other work conditions that are not appropriate for many firms. In this paper, we analyse the impact of such …

Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how … wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market …

based on the effects of labour union contracts and efficiency wages that differ between skill groups. Survey respondents …. Specific human capital and negative signals for new hires are causes of the stickiness of wages for the highly skilled …

data for Portugal covering the period 1986-2004, real wages are shown to be considerably more procyclical during recessions …, regardless of whether the latter move or not between job levels. Most results also hold when considering basic wages instead of … total wages, except that the procyclicality of movers during downturns is substantially higher. …