costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …

. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

countries that strongly support unemployment insurance (UI) receive wages closer to their potential, so that doubling UI … decreases incomplete information and results in 5% higher wages. A more dense population reduces search costs leading to less … information and higher wages. Finally, we find that foreign worker inflows increase incomplete information, and at the same time …

We propose a simple test that uses information on workers' mobility, wages and firms' profits to identify the sign and … agents' payoffs are increasing in their own types, our test exploits within-firm variation on wages to rank workers by their …

the labor market. Its impact on employment, wages and wealth depends crucially on the design of immigration policy …

of training intensity. Second, firmspecific unions, through raising relative wages and reducing turnover, can increase …In oligopsonistic labour markets, firms have some market power, and a wedge is created between wages and marginal … different institutions can affect this inefficiency. Industry-level minimum wages can remove the training inefficiency and …

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …