cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …

of the unemployment pool. We show that workers with high wages have both lower separation rates and larger log …-deviations of these separations over the business cycle than those with low wages. Thereby, more high-wage workers enter the …

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

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

vs. sticky wages, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment …