-term unemployed imposes a penalty on subsequent labor market outcomes. We propose a flexible method for analyzing the effect on wages …

models, in which “unwarranted” wages changes and the return on capital are endogenously determined, do not necessarily …

Average wages are considerably lower in agriculture than in the other sectors. We document this fact for thirteen …

How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and … wages. We find that firms value cognitive skills on average almost twice as much as interpersonal and manual skills, and … they prize complementarity in cognitive and interpersonal skills. The average return to VET skills in hourly wages is 9 …

Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment …. Empirical and experimental research, however, has shown that the introduction of a minimum wage can raise even those wages that … bargaining models between unions and firms. While the Nash bargaining solution is unaffected by minimum wages below initially …

at both margins, controlling for location selectivity. Prior studies have rarely found foreign wages or operations to … increase in German wages, German MNEs allocate 2,000 manufacturing jobs to Eastern Europe at the extensive margin and 4 …