such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

In the model of Harris and Holmstrom (1982) workers pay an insurance premium to prevent a wage decline. As employers … are unable to assess the ability of a labour market entrant, they would offer a wage equal to expected productivity of the … reduction in starting wage to prevent a reduction in their wage when their productivity is revealed to be below the expected …

by the firm. We find the usual effects of over- and undereducation in a wage regression, thus rejecting the argument that …

In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage …-shirking type that empha- size the importance of aggregate labor market conditions as the main determinant in wage setting, e … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …

In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage … employment rate, are not found to be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal …

such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

unobservable workers e ort by employers and wage contracts as in Shapiro and Stiglitz (1984), as well as a detailed government …

volatility of unemployment, while the efficiency wage mechanism fits better the cyclicality of the wage rate. …