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 …

, period, and cohort effects for the likelihood of employment in different occupations and the wages earned therein over 2001 … relative to high-paying abstract jobs. However, cohort effects also underpin falling wages for post-1980 cohorts across all …

Lagging labor reallocations outside agriculture amid sustained low agricultural productivity have been a key feature in …. In contrast to the traditional view that agricultural employment outflows are largely driven by productivity differences …

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 …

millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model explains the data fairly well … a persistent decline in trend labor productivity growth and the share of income that accrues to labor. These themes are … reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of …

wage, and align public sector compensation to private wages in low-skilled professions …