. We solve (i) for the Markov perfect equilibria with no commitment, under the assumption that the union chooses wages each … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

find that a 10% increase in labor market concentration decreases hires by 12.4% and the wages of new hires by nearly 0 … employers in the retail industry would be most damaging, with about 24 million euros in annual lost wages for new hires, and an …

short-run wages, but fared significantly better in the longer run. Second, we compare labor market outcomes of subsidized … wages of workers would not have differed significantly, if they had been hired in another industry instead. However, we find … significant differences in short-term wages, employment and tenure outcomes across industries. Finally, from a fiscal point of …

short-run wages, but fared significantly better in the longer run. Second, we com-pare labor market outcomes of subsidized … wages of workers would not have differed significantly, if they had been hired in an-other industry instead. However, we … find significant differences in short-term wages, employment and tenure outcomes across industries. Finally, from a fiscal …

short-run wages, but fared significantly better in the longer run. Second, we compare labor market outcomes of subsidized … wages of workers would not have differed significantly, if they had been hired in another industry instead. However, we find … significant differences in short-term wages, employment and tenure outcomes across industries. Finally, from a fiscal point of …

the labor market. Its impact on employment, wages and wealth depends crucially on the design of immigration policy …