implications of exchange rates, reporting that industry wages are significantly more responsive than industry employment. We offer … the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for … the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience …

consistently underestimate the wages they actually end up paying, and their expectations do not efficiently utilize the information …

immigrants, especially illegal ones, have a worse outside option than natives their wages are lower. Hence their presence reduces …

wages by 3 to 4 percent …

of monopsony. We use an exogenous change in wages at Veterans Affairs hospitals as a natural experiment to investigate … responded to the VA wage change by changing their own wages …

second moments of the joint distribution over individual wages, consumption and hours …