In this paper, we analyze the connection between value added, wages, and labor market flows at the establishment level …

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 …

. Despite the massive size of the migrant influx, no adverse effects on the average wages of men or women or on total employment … in the informal sector, whereas both wage employment and wages of men in the formal sector increase. Our findings …

Immigration to the UK has risen over time. Existing studies of the impact of immigration on the wages of native … immigration reduces the wages of immigrants relative to natives. We show this using a pooled time series of British cross …-sectional micro data of observations on male wages and employment from the mid-1970s to the mid-2000s. This lack of substitution also …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

should be higher, about 2.2. Together with prior estimates of the quit elasticity these results imply that wages are 72 …