methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …

. Microeconometric estimations provide evidence of an outward shift in the relationship between wages and unemployment that is …The growth rate of real hourly wages in France has fallen below the trend growth rate of total factor productivity. The … independent of changes in labor demand taxes and unemployment income …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K …

moderation. The paper identifies structural shifts in the relationship between wages and unemployment rates—a “wage curveâ … relationship with unemployment rates and business GDP. The paper also examines aspects of the European Central Bank’s monetary …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …