reflects the congestion externalities predicted by the search literature. Also, holding wages constant, an increase in the …

implications of exchange rates, reporting that industry wages are significantly more responsive than industry employment. We offer … the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for … the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience …

log labor earnings. These restrictions permit estimation of the unobservable ability and productivity differences between … estimation is performed on matched employer-employee data from the LEHD program of the U.S. Census Bureau. The estimated …

strong evidence of rent-sharing, with a "Lester range" of variation in wages between profitable and unprofitable firms of …

Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the … output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as … measuring an index of productivity of production. We develop a framework for measuring matching productivity when the population …

employment fluctuations in response to demand shocks by more than 10 to 20 percent compared to completely rigid wages …

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group …

wages by 3 to 4 percent …