It has been well established that the wages of individual workers react little, especially downwards, to shocks that …

It has been well established that the wages of individual workers react little, especially downwards, to shocks that …

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

). Productivity shocks explain somewhat less than 10 percent of the variation in forecast errors of wages and prices. …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 …

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 …

This paper investigates the relationship between public and private wages in the five largest euro area countries for … the period 1997-2017. The analysis shows that there exists a positive and significant response of private wages to a …, Spain, Italy and non-significant in Germany and the Netherlands). Interestingly, the response of private wages is found to …

). Productivity shocks explain somewhat less than 10 percent of the variation in forecast errors of wages and prices …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 …