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 …

transitions between labor status or jobs, whereas for those at the top, earnings changes are mainly induced by wage rate growth …

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

firm with stochastic product demand and hiring cost (= irreversible specific investments). There is wage bargaining between …

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 …

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as …

We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … heterogeneous labour market, where wages are determined by a monopoly labour union. We find that outsourcing promotes the wage … dispersion between the high-skilled and low-skilled workers. When the labour union adopts a solidaristic wage policy, it will …