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 …

-Samuelson theory of expanded trade with countries that are abundant in less-skilled workers, as well as with some models of …

wages by 3 to 4 percent …

We consider a matching model of employment with wages that are flexible for new hires, but sticky within matches. We … depart from standard treatments of sticky wages by allowing effort to respond to the wage being too high or low. Shimer (2004 … flexibility in existing matches. But this is not true in our model. If wages of matched workers are stuck too high in a recession …

How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … examine this in the context of China and India - two large, rapidly-growing developing economies. Using theory, we develop a … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group …

We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and …

construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit … an adverse signal, and establishing conditions under which equilibrium entails lowering wages (performance contracting …-strategy equilibrium. The economy is, in general, not efficient either in the selection of the form of equilibrium or the wages paid within …