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

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 …

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 …

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as … ; strategic substitutability ; wage contracts ; contract duration …

moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …

employers. We also find that there is a positive, albeit quantitatively small, relationship between wage inequality and training …

independence. In short, they climb the career ladder. Climbing the career ladder explains 50% of wage growth and virtually all of … rising wage dispersion. The increasing gender wage gap by age parallels a rising hierarchy gap. Our findings suggest that … wage dynamics are shaped by the organization of production, which itself likely depends on technology, the skill set of the …