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

Low-skilled workers are concentrated in sectors that experience fast productivity growth and yet their real wages have …-skill real wages and their divergence from aggregate labor productivity during 1980-2010. …

wages and rising wage dispersion over time. …

We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within … recession affects user cost: It lowers the new-hire wage; it lowers wages going forward in the match; but it also results in …

consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover …

Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …

"Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially …

price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but … of West German labor markets. We find that the elasticity of real wages with respect to output is very close to zero in … effects the cyclicality of new hire wages is approximately the same as that for incumbent wages regardless of whether or not …