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 … employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a …

In this paper, we analyze the connection between value added, wages, and labor market ows at the establishment level …

In this paper, we analyze the connection between value added, wages, and labor market flows at the establishment level …

Using administrative data from Germany, this paper analyzes the relation between wages and past and current labor … wages are related to past labor market conditions as contract theories postulate. However, past labor market conditions also … affect contemporaneous wages through the evolution of the match qualities over a worker's job history - the main hypothesis …

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 …

cyclicality of hourly wages is muted, suggesting that head's labor income risk is mainly coming from the volatility of hours …We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main …. Third, younger households face stronger cyclicality of income volatility than older ones, although the level of volatility …

cyclicality of hourly wages is muted, suggesting that head's labor income risk is mainly coming from the volatility of hours …We investigate cyclicality of variance and skewness of household labor income risk using PSID data. There are five main …. Third, younger households face stronger cyclicality of income volatility than older ones, although the level of volatility …