policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …

degree of wage indexation is effective in lowering inflation if nominal wages do not provide, on average, full protection …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

for individual characteristics, local average human capital is positively correlated with individual wages, with estimated …

-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …