combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K …

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes … policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of …

absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …

protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …

of workers, with workers remaining longer in jobs. But the restrictions also tend to induce job-specific investments. A …

Even though institutions are created to protect workers, they may interfere with labor market functioning, raise … unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the … institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …