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 …

. 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 …

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 …

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 …

aggregate wage mechanically, even in the case of no actual pay rises. This paper uses individual level data to control for the … effect of changes in the composition of workers on wages and wage cyclicality. We find that compositional effects are highly …