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

asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either …

mandatory minimum wages, the presence of binding wage floors and the general use of extension mechanisms, the firms still retain … Portuguese wages behave in a fashion consistent with the wage curve literature, but the responsiveness of real wages to …

other determinants of wages (prices, productivity, institutions) for the main euro area economies (Germany, France, Italy …Do public sector wages exert pressures on private sector wages, or has the private sector a leadership role in wage … of our data allows us to check the existence of purely intra-annual links between public and private sector wages …

the crisis and focus on their labour market relevant decisions. Although base wages were cut more frequently than in …

on base wages. We broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins …

positive neutral productivity shock increases public and private sector wages. More interestingly, even a private …-sector specific productivity shock spills-over to the public sector, increasing public wages. These facts lend some support to the … labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly …