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 …

. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …

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 …

natives' wages, and that skilled immigration can actually increase them. We develop a model with regional labor markets and … but skill-biased on aggregate, skilled immigration can increase absolute and relative skilled wages. Therefore, firm … migrants are perfect substitutes within a firm. In this setting, a skilled labor supply shock due to immigration has two …