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 … partly determined by the unemployment stock. As intuition says the share of wages in value added increases with the stock of …

performed, wages should in principle reflect productivity differences and that it is more difficult to discriminate on the basis …

performed, wages should in principle reflect productivity differences and that it is more difficult to discriminate on the basis …

depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open … economies, the skill-bias of local technological changes do not affect wages. Thus, pervasiveness deals with a major criticism … employed despite rising or stable relative wages. Second, increases in demand for skills were concentrated in the same …

Numerous studies on firm-level data have reported higher average wages in foreign-owned firms than in domestically … individual wages, controlling for individual and firm heterogeneity as well as for possible selection bias in foreign … negative effect on wages. …

employees and pay full-time wages with the risk of over- and under-capacity or hiring professionals temporarily in the free …