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 …

We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees …. Greater intensity does not necessarily have the same consequences, because wage adjustments counteract the initial level … impact. The firm’s response additionally depends on the wage-dependency of dismissal costs since such costs make an …

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 …

Empirical and institutional evidence finds considerable time variation in the degree of wage indexation to past … build a DSGE model with endogenous wage indexation in which utility maximizing workers select a wage indexation rule in … aggregate demand shocks dominate output fluctuations. The model's equilibrium wage setting can explain the time variation in …

observations on wage (skill premium) and wealth inequality. We find that the tax rate for high income agents is optimally the least …

transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …