This paper looks at public and private sector wages interactions since the 1960s in the euro area, euro area countries … public and private sector wages over the business cycle; this finding is robust across methods and measures of wages and … quite general across countries. Second, we show evidence of long-run relationships between public and private sector wages …

. Wage growth of job stayers is moderated but still positive; and wages of entrants compared with those of incumbents are no …

This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized … system. Real wages and wage inflation emerge as especially persistent following an import price shock, while price inflation … wages is attributable mainly to unemployment shocks (about 80 percent), whereas variation in the forecast errors of prices …

During the Great Recession, unemployment increased substantially across several euro area countries, with wages … effect of changes in the composition of workers on wages and wage cyclicality. We find that compositional effects are highly … results partially explain the muted response of the observed wages to the business cycle, as wages decreased more than what …

unemployment in Europe. These include the influence of trade unions, social security benefits, employment security, mismatch …

asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either …

of wages not changed in relation to the 1995 level. Changes in education and especially tenure would have been …