in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be … competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …

in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be … competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …

to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …

's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of …