We analyze how bankruptcy laws affect the general equilibrium interactions between credit and wages. Soft laws reduce … agents, soft laws lower wages, which increases the pledgeable income of richer agents and decreases the liquidation rates …

I use panel data to examine whether long-term changes in industry wages are positively related to long-term changes in … between changes in composition-constant industry wages and industry employment. This suggests that growing industries attract … less skilled individuals in a manner that biases down the estimated relationship between industry employment and wages in …

In this paper we use micro panel data to examine the effects of oil price shocks on employment and real wages, at the … the basis of skill level. We find that oil price increases result in a substantial decline in real wages for all workers … substantial changes in employment shares and relative wages across industries. However, we find little evidence that oil price …

This paper uses micro data to examine differences in the cyclical variability of employment, hours, and wages for … workers are subject to essentially the same degree of cyclical variation in wages. That is, relative offer wage differentials …