severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 …, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

How are wages set in an open economy? What role is played by demand pressure, international competition, and structural … real wages and competitiveness? To answer these questions, we formulate a theoretical model of wage bargaining in an open … wage equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the …

applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined … we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

wage setting to mirror productivity differences. However, when setting its wages the firm has to consider other factors as … well, e.g. turnover, that may make it optimal not to set wages that fully reflect productivity differences. Instead, it may … is free to set different wages for workers with different expected productivities. It is also shown that if all firms use …

We formulate an efficiency wage model with on-the-job search where wages depend on turnover and employers may use … job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …

Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …

education shows positive effects for the unemployed with respect to both the employment probability and wages. To explain the …

on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been … tested. We perform tests with matched worker-firm data. The worker data are informative on individual wages and labour market … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct …