Empirical estimations suggest heavy-tailed unconditional distributions for inflation, the output gap and the interest … propose a model which replicates the above mentioned empirical features of inflation,the output gap and the interest rate and … distributions of inflation, the output gap and the interest rates exhibit heavy-tailed characteristics. Secondly, under an …

is subsequently shown that variations in trend inflation significantly explain variations in the degree of wage …

Firms hiring fresh graduates face uncertainty on the future productivity of workers. Theory suggests that starting … wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …

This research documents changes in employment and wages in the Netherlands for different types of workers. We compare … 2017 to 2023 using regression-adjusted wages to make sure changes in composition of the workforce do not influence our … estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …

We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by … developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using … this model we identify a formal relationship between international trade, productivity, and wages. We then examine the …