female employment and reduces gender inequality, the effect being more pronounced in firms without traditional financial …

We compile a novel database on average public and private sector wages and public-private wage differentials, which we … counter-cyclically, increasing during economic downturns, and increases prior to elections. Both private sector wages and … inflation respond positively to changes in public wages, albeit with significant heterogeneity in the effects across countries …

importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

How do minimum wages affect earnings inequality in countries with large informal sectors? I provide reduced …

productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …

forces. The rigidity of relative wages, despite relative shifts in labor demand that favor skilled workers, has resulted in … sharp declines in employment rates for unskilled workers. The microeconomic evidence is shown to have important implications …

the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage …

market and income redistribution policies that prevent the skill premium from playing its role in fostering human capital …