all workers, a wage-productivity elasticity of 1.2, slightly above the one-for-one response predicted by the Mortensen …

occasionally renegotiated. We argue that one source of the wage flexibility puzzles is plausibly the model for the determination of … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

This study analyzes real wage cyclicality for male full-time workers within employer-employee matches in Germany over … the period 1984-2004. Five different wage measures are compared: the standard hourly wage rate; hourly wage earnings … including overtime and bonus pay; the effective wage, which takes into account unpaid overtime; and monthly earnings, with and …

model that is able to replicate these facts and thereby allows us to run counterfactual exercises. When we set the wage …

dynamics of wages and unemployment under conditions of downward wage rigidity, where forward looking firms take into account …

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as …

Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity … within an intertemporal framework in which DNWR not only prevents nominal wage cuts but also induces firms to compress wage … increases. We analyze whether a compression of wage increases occurs when DNWR is binding by applying Unconditional Quantile …

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" – newly hired workers cannot …

truncates the real wage distribution from below, making firms' share of surplus weakly procyclical, and may thus amplify …