Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment … adjustment fell entirely on employment. Variations in the changes of employment are studied using firm-level longitudinal data …

has directly estimated the joint impact of these different causes. In this paper, we view wages as arising out of a … specify an empirical model which allows us to estimate the general equilibrium relationship between wages and technology … GDP is a function of prices, technology levels, and supplies of capital and different types of labor. We treat final goods …

wage regressions suggest that the quality of entrants, measured with their residual wages achieved in the private sector …