This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from …

This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U ….S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all …

We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between … domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of … domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about …