-15 Current Population Survey, I find that the drawn-out cyclical labor market repair - likely owing to low entry wages of new … wages: for full-time, full-employed workers, the Wage-Phillips curve - the empirical relationship between wage growth and …

providing high wages), and if few good jobs are available, workers have little incentive to acquire skills. In this context, the …

, although this effect has become weaker since 2008. But there isdownward pressure on wages for individuals with occupations that …

spending is crucial for its macroeconomic implications. Although reductions in public wages and government purchases of goods … reductions decrease private wages. Model counterfactuals show that sufficiently rigid nominal private wages can reverse the … response of private wages, as the rigidity dampens the labor reallocation effect from the public to private sector that exerts …