reason is that the wages of this group cannot be lowered enough to pay for the benefits. Data from a new survey of employers …

This paper studies the employment and wage effects of contract staggering, i.e., the staggered nature in which wages …, we estimate the causal effect of increases in base wages mandated by collective agreements signed right before the shock … rigidity much higher than that assumed in macroeconomic models including staggered wages. Instead, we show that firms were able …

costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also …