importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited … employment reaction of Belgian firms. On the contrary, employment is safeguarded by the presence of many small firms and a wage …

fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms' wage … shocks in the same variables. As well as describing the presence of asymmetry in the speed of wage adjustment, we investigate …

economically calm times, wage reductions continued to be the exception rather than the rule. This indicates the existence of … nominal wage rigidities in Austria. Instead of wage cuts, firms preferred to reduce working hours and to dismiss employees. We …

. Using matched employer-employee dataset, I adopted the estimation strategy proposed by Guiso et al. (2005) to evaluate wage … Portuguese datasets. I found that firms do insure workers against product market uncertainties, but the magnitude of the wage … response differs depending on the nature of the shock. Broadly speaking, the wage response to permanent shocks is twice as high …

as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be …", technology shocks in contrast triggered wage-price spirals, moving nominal wages and prices in the same direction at longer … magnitudes, can only be explained by assuming a high degree of wage indexation in conjunction with a weak reaction of monetary …