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 …

labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …

I document a disparity in the cyclicality of the allocative wage-the labor costs considered when deciding to form or … more exhibit an allocative wage that is highly pro-cyclical while high school dropouts exhibit no statistically discernible … wage margin. An important takeaway is that conventional monetary policy easing reduces employment inequality but increases …

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 …

, 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 …