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 explores the relationship between the duration of a vacancy and the starting wage of a new job, using … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … that this negative association is particularly strong with the establishment component of the starting wage. We also …

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

worker and firm heterogeneity. I find that minimum wages up to 70% of the median wage significantly increase productivity … the minimum wage cuts deep into the wage distribution. I show that gradually implementing a high minimum wage is necessary …

We use the most recent wave of the German Qualifications and Career Survey and reveal a substantial wage premium in a …

Nonemployment is often posited as a worker’s outside option in wage setting models such as bargaining and wage posting … document that wages are insensitive to UI benefit levels: point estimates imply a wage response of less than $0.01 per $1.00 UI …-level bargaining. The insensitivity of wages to the nonemployment value we document presents a puzzle to widely used wage setting …

, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill … premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation … that the rise in wage risk observed between 1967 and 2010 increases the skill premium significantly. This finding is robust …