Adamopoulou, Effrosyni; Bobbio, Emmanuele; De … - In: IZA Journal of Labor Economics 8 (2019) 3, pp. 1-24
Aggregate wages display little cyclicality compared to what a standard model would predict. Wage rigidities are an … composition effects, especially during downturns. This paper seeks to understand the role of firm heterogeneity for aggregate wage … explaining aggregate wage growth and largely reflect shifts of labor from low-paying to high-paying firms, especially in the most …