goal of the paper is to evaluate the labor markets rigidities hypothesis. Although greater wage flexibility probably … countries appears too uniform across skill groups to result from relative wage inflexibility alone. Furthermore, a great deal of … labor market adjustment seems to take place at a constant real wage in the U.S. This leads to the third goal: to speculate …

cannot bargain over pay; they regard the posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point … outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining … their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs …

cannot bargain over pay; they regard the posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point … outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining … their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs …

cannot bargain over pay; they regard the posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point … outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining … their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs …

cannot bargain over pay; they regard the posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point … outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining … their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs …

to unemployment appears to have declined in the last 20 years. Economic upturns increase the likelihood that workers …

cannot bargain over pay; they regard the posted wage as a take-it-or-leave-it opportunity. Theories of wage formation point … outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining … their employers, a sign of wage posting. We find that another third bargained over pay before accepting their current jobs …

Some workers bargain with prospective employers before accepting a job. Others face a posted wage as a take …-it-or-leave-it opportunity. Theories of wage formation point to substantial differences in labor-market equilibrium between bargained and posted … wages. We surveyed a representative sample of U.S. workers to inquire about the wage determination process at the time they …