It has been well established that the wages of individual workers react little, especially downwards, to shocks that …

of wages of newly hired workers. The evidence suggests that external labour market conditions are less important than …

, workers earn significantly higher wages when employed in more profitable firms. The time dimension of our matched employer …-employee data allows us to instrument firms' profitability by its lagged value. The instrumented elasticity between wages and …

Turkey is currently introducing a comprehensive pension reform, which aims at unifying the currently disperse system … pension deficit. Furthermore, today’s demographic advantages are expected to disappear within the next thirty years. The … benefits and/or contributions. Hence, fiscal space could be gradually created for more productive expenditures, which may lead …

The issue of wages has attracted particular attention at European level since the onset of the economic crisis. Changes … different systems and levels of minimum wages in Europe at present, carrying out an accounting exercise through a hypothetical …