factor shares turn in favour of wages, when unemployment falls. The only important prerequisite for this result is that money … wages are treated as downward rigid. The analysis remains valid when firms experience constant returns to labour in the … presumably relevant, production technology, factor shares are determined by the stock of unfilled vacancies, which in turn is …

more layers are larger in size, in value added, and they pay higher wages. Firms are hierarchal in that lower layers have …/value added and decreases in mean firm wages (at pre-existing layers). The reverse holds for removing layers. This result also … holds for layer by layer mean size and wages for a majority of pre-existing layers. …

vacancies and the stock of unemployment or, alternatively, the duration of unemployment and the stock of vacancies. These …

This paper is the first to estimate the effects of minimum wages on the unemployment of refugee immigrants. The … collectively agreed minimum wages raise both the incidence of unemployment and days in unemployment considerably for male refugees …