This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …

importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages …

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage … moderation. The paper identifies structural shifts in the relationship between wages and unemployment rates—a “wage curveâ …

Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower … benefits of wage moderation. By isolating structural from cyclical factors in a panel of industrial countries, I show that … output and employment. …

The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by … the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …

institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …

The effect of foreign labor on native employment within an occupation depends on native labor supply to that occupation … implies that the effect of migrant labor supply on native employment is close to zero within this occupation, and may be …