proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed … due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed … due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a … counterveiling fall in reservation wages, leaving the present value of wage costs unchanged. Our analysis contradicts this …

proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed … due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …