This paper presents evidence that real wage cyclicality can be a particularly heterogeneous parameter, depending on …

can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there …

occasionally renegotiated. We argue that one source of the wage flexibility puzzles is plausibly the model for the determination of … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

We document substantial cross-sectional heterogeneity of German establishments' real wage cyclicality over the business … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

model that is able to replicate these facts and thereby allows us to run counterfactual exercises. When we set the wage …

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched … employer-employee data set covering the period 1995-2002. Findings show the existence of large and persistent wage … hypothesis that workers with better unmeasured abilities are over-represented in high-wage sectors may not be rejected on the …

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched … employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials … differentials are persistent and no particular downward or upward trend is observed. However, the dispersion of inter-industry wage …

Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity … within an intertemporal framework in which DNWR not only prevents nominal wage cuts but also induces firms to compress wage … increases. We analyze whether a compression of wage increases occurs when DNWR is binding by applying Unconditional Quantile …