expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …

models, in which unwarrantedʺ wages changes and the return on capital are endogenously determined, do not necessarily predict … following the appearance of unwarrantedʺ wage changes are not always justified. -- capital return ; profits ; unwarrantedʺ wages …

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

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 …

-shaped pattern in worker-level wages surrounding the time their employer is acquired by a foreign firm, with a dip in earnings … explain why prior evidence found no impact of foreign ownership on worker-level wages. Accounting for the pre …

establishment growth, vacancy filling and entry wages, we calibrate a model with directed search and ex-ante heterogeneous workers … response of vacancy filling to firm-level wages. We discuss the implications of this finding as well as potential resolutions. …

We study the link between expected inflation and wages using novel panel data from German firms and employees. We find …