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 …

relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and … wage. The key policy implications are that higher economic growth and moderation of increases in the real minimum wage are …

perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the … employment decisions of unemployed workers at different skill levels. …

most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model … observed in the U.S. A key mechanism is the joint influence of imperfect insurance and risk aversion in the wage bargaining …

felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment …

implications of, rising wage inequality in Hong Kong SAR. Section VII presents an overview of recent developments in the financial …