microeconomic data from Italy and Spain I obtain three main results. First, the unemployment elasticity of wages is negative and … of unemployment is associated with a drop in wages of 5.2 percent. Second, according to my results, Italian wages are … worker is hired. Finally, Spanish wages are not significantly correlated with past unemployment. An important determinant of …

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 …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

wage losses of workers displaced due to firm closure based on the comparison of workers' wages differentials before and …

higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment …I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages … picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The …

This article studies the responses of real wages and labour market flows of immigrants in Spain for the period between … for immigrants than for natives: a one percentage point increase in the unemployment rate is associated with a 0.61 and 0 ….85% drop in real wages for natives and immigrants, respectively. However, these differences only occur among low-tenure workers …

revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages … perspective, because the vast majority of estimates in the literature use wages to provide an estimate of the unemployment gap …. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …