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

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 …

permanent hiring. We also find a negative association between reinstatements and real wages of 3.9 %, but placebo tests indicate … policy to increase permanent hiring and wages. …

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 …

productivity and wages are significant but vanish almost totally, both in industry and services, when controlling for a wide range …

that firm agreements exert a stronger impact on wages than on productivity, so that profitability is hampered. However … wages beyond productivity when the rents to be shared between workers and firms are relatively big. Overall, this suggests … that firm-level agreements benefit to both employers and employees - through higher productivity and wages - without being …

conventional view, we show that the effect of minimum wages on employment is ambiguous. -- Minimum wages ; hours ; employment …

an interest rate innovation depends on the degree of wage rigidity. Generally, more rigid wages translate into more …