Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individual-level data taken from the...

Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individual-level data taken from the...

Auf der Basis der Deutschen Beschäftigtenhistorik untersuchen wir die Konjunkturabhängigkeit von Löhnen auf aggregierter und regionaler Ebene. Dabei unterscheiden wir zwischen Betriebswechslern und Beschäftigten, die im selben Betrieb bleiben. Wir finden, dass die Reaktion der Löhne auf...

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...