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 …

Do public sector wages exert pressures on private sector wages, or has the private sector a leadership role in wage … other determinants of wages (prices, productivity, institutions) for the main euro area economies (Germany, France, Italy … 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 …

labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly … assumed exogenous rules for public wage and public employment. We show that theories that equalize wages with marginal … products in the private sector can rationalize the interaction of public and private sector wages when extended to accommodate …