-sectional distribution of usual weekly hours and hourly wages. First, usual weekly hours are heavily concentrated around 40 hours, while at … wages are non-monotonic across the usual hours distribution, with a peak for those working 50 hours. The novel feature of …

displaying balanced growth. The key feature of the utility function is an income effect (of higher wages) that slightly outweighs …

We examine the impact of wage stickiness when employment has an effort as well as hours dimension. Despite wages being … sticky wages, but no effort margin. Allowing for responses in effort dramatically improves the ability of a sticky-wage model …

heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …-specific error components in wages and hours …

Most models of implicit lifetime contracts imply that at any particular point in time, workers' wages and value of … marginal product (VMP) will diverge. As a result, the contract will have to specify hours as well as wages, since firms will …