This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …

in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within …Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …