with lower hourly wages suffered substantial losses, while the low-wage sector expanded. Around 2010, these trends came to … behind. At the very least, this new pattern means that the gap between high and low wages is not getting wider. This … development is kind of surprising, as the labor market is shifting to higher-skilled jobs. Workers with higher hourly wages are …

We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …

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

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within … recession affects user cost: It lowers the new-hire wage; it lowers wages going forward in the match; but it also results in …