rates, but in the longer-term only modest effects remain due to higher wages. …

related to negative relative demand shocks against the unskilled in the industrialised world, combined with flexible wages in …

konkurrierende Implikationen aus der Theorie der Grenzproduktivitätsentlohnung und der Suchtheorie abgeleitet und empirisch …

with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of … the workers. Accordingly, increases in union minimum wages result in a decline of residual wage dispersion and higher … are not completely consistent with either theory. However, as predicted by search theory, one robust result is that …

stability of educational wage premia was justified by market forces. However, relative wages did not respond to negative net …

frictions. Our results suggest that the disproportional growth of GDP (labour productivity) in comparison to consumption (wages …