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 …

nominal wages, real consumption wages, and real product wages are reported. The prices faced by consumer workers and the … prices faced by owner-managers move differently. Variables associated with movements in these wages are presented and the … roles of these wages in accounting for changes in employment, hours of work, and in Labor’s share are noted. Changes in real …

How are wages set in an open economy? What role is played by demand pressure, international competition, and structural … factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages … equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the mid 1990s …

and whether firms are shrinking or expanding. Finally, we show that the basic and non-basic wages of new hires and …

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 …

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 …