expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …

expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and … search and matching model of the labor market. Removing the biases could substantially increase wages and expected lifetime …

In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced … by reference norms (i.e. by benchmark wages). We show that reference norms can considerably increase the persistence of … wages in Austria from 1980 to 2006 we show that wage-setting is strongly influenced by reference norms, that the wages of …

analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … raises growth of technology, labor productivity and real wages. I show, however, that a slowdown in productivity and … stagnation of real wages can in this setting constitute two sides of the same coin as a result of the shift in employment: In the …

whether the historical relationship between wages and unemployment has weakened and whether composition effects moderated wage … growth. The results suggest a negative answer to both questions. Wages in the EU have not stopped reacting to unemployment …

. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They …

economy size and local wages. Workers in Australian large urban centres earn around 7.5% more than workers with similar skill …

. Individuals also revise their expectations about outside offers upward, anchoring their beliefs to Foxconn's announced wages. They …