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 studies the impact of downward wage rigidity on wage and employment dynamics after the outbreak of major … recessions in Spain. Downward wage rigidity stems from collective agreements, which set province-sector-skill specific minimum … wage floors for all workers. By exploiting variation in the renewal of collective contracts, we find that agreements signed …

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 …

We present a new and simple empirical methodology to identify relative wage rigidity dynamics. The methodology is … relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …

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

, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of … largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender …

reallocate mostly to low capital-intensive firms, experiencing persistent wage losses. …