wages for 26 European economies. To ease comparisons we make use of the European Union Statistics on Income and Living … Conditions inquiry released in 2009. The premium is found to be higher at the right tail of the distribution of wages, suggesting …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …