advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying … the build up of a real wage overhang relative to sharply slowing labor productivity, which subsequently dragged on nominal … wage rises even as unemployment began to decline. Spillovers of subdued wage growth between euro area countries also …

trade from the United States induces productivity growth in developing regions. This spillover capture-aided by absorptive …

in the probability of being employed within each occupation type and wages earned therein. Cohort plots and econometric … particularly significant for low-skill women: estimated cohort effects point to a fall in wages within each occupation as well as a …

wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and … unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences … degree is used as a proxy for skills. We find that the quality of labor input per manhour tends to rise in recessions …

, and for unskilled labor. The former result contradicts union claims that wages had little relevance for east German job …