distribution: local wage flexibility is more relevant for the upper part of the wage distribution, and flexibility of wages … support our hypothesis, as employees with low wages have significantly lower local wage flexibility than high wage employees …. This effect is particularly relevant for the lower educational groups. On the other hand, employees with low wages tend to …

, cannot be corroborated for wages determined at the firm level. Stochastic dominance is confirmed, as predicted by the …

distribution: local wage flexibility is more relevant for the upper part of the wage distribution, and flexibility of wages … support our hypothesis, as employees with low wages have significantly lower local wage flexibility than high wage employees …. This effect is particularly relevant for the lower educational groups. On the other hand, employees with low wages tend to …

labor, wages were increasing disproportionately both for low- and highskilled labor whereas employment trends were favoring … institutions were holding up relative wages of low-skilled labor which accounts for the disproportionate increase of unemployment …

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 …

groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …

relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable share of wage …

groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …