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 …

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 …

This paper examines the effect of skill-biased technological change on the structure of wages, the composition of … employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations …

out how complete wage equation reduces the immediate unemployment rate or the hazard rate of unemployment.This paper … formally derives the standard wage equation considering all the entitlements of labor viz. (i) normal wages, (ii) interest and … reduce the immediate unemployment rate …

The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the …

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 …

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

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations …

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 …

modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilizes in the absence of … any wage-price surprises. Conventional thinking about the equilibrium unemployment rate assumes that in the long run NAIRU …-mechanisms" which could lead to permanent shifts of equilibrium unemployment over time, implying that an unique long run NAIRU may not …