methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …

combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation. …

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …

The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting … effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment … unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not …

market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …