study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …

study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size …

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

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 …

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 …

observe daily and not hourly wages, overtime hours are not the main mechanism behind this enhanced wage flexibility. We … wage rigidities were less able to modify wages but exhibited higher turnover. A higher share of temporary workers, whose … contractual relationship may be costlessly terminated and whose wages are therefore more frequently negotiated, served instead as …