This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage …

negotiations, the degree of unionization and the system of tripartism, the wage setting mechanism, and labor market programs. The … paper makes an assessment of the flexibility and efficiency of the Cypriot labor market, and in particular, the wage …

market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment … represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a … both short-run and long-run wage setting. …

This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such … flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper … uses nonparametric estimation to capture possible nonlinearities in the wage curve and relaxes the assumption of a stable …

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match … = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any …