percent and 1 percent of the within-firm wage distribution rise substantially. Instead, the effect on average wages is small …

evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …

its strength and weakness, discuss its connections with theory, and draw out potential policy implications of its findings …

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

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

risk of unemployment two years after the treatment. However, the effects are heterogeneous as to gender, age, education …

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 …

We derive a sufficient statistics optimal tax formula in a general model that incorporates unemployment and endogenous … wages, to study the shape of the tax and transfer system at the bottom of the distribution. The sufficient statistics are … resembles a Negative Income Tax than an Earned Income Tax Credit relative to the case where unemployment and wage responses are …

's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … unemployment. We conclude that it is reasonable to view the wage curve as an empirical law of economics. -- wages ; unemployment … pay and the local unemployment rate - in modern U.S. data. Consistent with recent evidence from more than 40 other …