workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony … power should not be neglected when analysing wage cyclicality …

Using linked employer-employee panel data for Germany, this paper investigates whether firms implement real wage … reductions in a selective manner. In line with insider-outsider and several strands of efficiency wage theory, we find strong … evidence for selective wage cuts with high-productivity workers being spared even when controlling for permanent differences in …

expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement … incentives, e.g., social security wealth or health status, the steepness of the wage profile will have different incentives for …

This paper studies the wage differentials between the public and private sectors in Spain, as well as its distribution … across different educational levels and by gender. To do so, the well-known Oaxaca-Blinder decomposition of mincerian wage … regressions is applied for both sectors, breaking down the (public-private) wage gap into a component explained by differences in …

offered wage, but there is very little research on this. This paper presents a methodology for estimating the wage elasticity … of recruitment and applies it to German data. Our estimates of the wage elasticity of recruitment are about 1.4. We also … report evidence that high-wage employers are more selective in hiring, in which case the relevant recruitment elasticity …

This paper investigates whether non-base compensation contributes to the gender pay gap. In wage decompositions, we … unconditional wage distribution whereas the lower prevalence of shift premia and overtime pay among women is unimportant. Among … managers, the contribution of bonuses to the mean gap more than doubles and is steadily rising as one moves up the wage …