In this paper we test the hypothesis of a wage curve against a Phillips curve for Spain within a framework which allos for these both and more general alternatives. To this end, we use data from the European Community Household Panel, which provides micro-information for the period 1994-2001....

This paper studies the determinants and labor market consequences of unemployed workers' wage demands using direct data on the workers' actual wage requests. Our results show that most workers want a wage close to what they earned in their previous jobs, and thus much more than they get in...

This paper studies the determinants and labor market consequences of unemployed workers' wage demands using direct data on the workers' actual wage requests. Our results show that most workers want a wage close to what they earned in their previous jobs, and thus much more than they get in...

This paper explores the short-and long-term effects on wages of absence from work for young highly attached skilled male and female workers in West Germany. The analysis distinguishes different types of career absence: unemployment, maternity leave for female workers, compulsory service for male...

Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....

We estimate the effects of initial labour market entry conditions on a range of subsequent job outcomes for men and women who entered the British labour market between 1991 and 2009, using data from the British Household Panel Survey and its successor Understanding Society. We find that the...

In this paper, I examine the effect of tightness on wages in three Central European countries. The estimation is relevant for at least three reasons. Firstly, it is a novel exercise to check the implication of the Mortansen-Pissarides model on Central European data. Secondly, from the central...

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters for wage growth are the non-employment rate and the...