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 …

In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced … inflation and the extent of real wage rigidity but that these effects depend on the definition of reference norms (e.g. how … wages in Austria from 1980 to 2006 we show that wage-setting is strongly influenced by reference norms, that the wages of …

consider the following modeling setups: right-to-manage bargaining vs. efficient bargaining, wage stickiness in new and … existing matches, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions, search … volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most …

lead price-setting firms to negotiate wage rates with their employees. The negotiation of wages substantially increases …

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 …

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 …

The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced …

degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …