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

This article studies the responses of real wages and labour market flows of immigrants in Spain for the period between ….85% drop in real wages for natives and immigrants, respectively. However, these differences only occur among low-tenure workers …

I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages … higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment …