Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … wages, the sticky wage model unconditionally does a better job at matching wages than the flexible wage model. -- Sticky …

wage has risen. We propose an explanation for all three changes that is based on a common source: a decline in labor market … frictions. We develop a simple model with labor market frictions, variable effort, and endogenous wage rigidities to illustrate … observed decline in output volatility. -- Labor hoarding ; labor market frictions ; wage rigidities ; effort choice …

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 …

This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …

sticky price model outperforms the staggered wage model in terms of matching volatilities, while the combination of both …

standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … generates impulse response functions that are more in line with the empirical evidence than those of a model with real wage … real wage rigidities. -- Monetary policy ; real wage rigidity ; labor turnover costs ; unemployment ; tradeoff …

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 … important for monetary policy. -- Labor Market ; wage rigidity ; bargaining ; Bayesian estimation …

independent of the wage-determination process, that decentralize efficient allocations. Unlike the Hosios condition for matching …