. 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 …

, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long …

In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business … affect the transmission process of monetary policy. The model allows real wage rigidities to interact with adjustments in … an interest rate innovation depends on the degree of wage rigidity. Generally, more rigid wages translate into more …

This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in …–2013. We find that firms subject to nominal wage rigidities, which prevent them from adjusting base wages, are more likely to … cut non-base wage components in order to adjust labour costs when needed. Firms thus use non-base wage components as a …