wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired … workers, unlike the aggregate wage, is volatile and responds one-to-one to changes in labor productivity. In order to … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle. …

because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor … employees. We provide new estimates on the impact of the state and federal increases in the minimum wage between 1987 and 1992 … on the training of low wage workers. We find no evidence that minimum wages reduce training, and little evidence that …

Capital deepening may affect the evolution of the wage differential between skilled and unskilled workers differently … in countries with different labor market institutions. If labor market institutions raise the relative wage of unskilled …. Instead in the US, where wage-compressing institutions are weaker, firms invest more in high-skilled workers. We provide …

wage growth. This paper analyzes the sources of the changing shape of the lower-tail of the U.S. wage and employment …

service occupations (employment polarization), experienced earnings growth at the tails of the distribution (wage polarization …