signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and …. Wage growth has been low in most developed economies because of underutilized labor if properly measured. Germany seems to … wage setting and labor market reforms. …

. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …Labour market tightness, that is the ratio of jobs to the unemployed, has an impact on wage setting, which also affects … inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations … approach, it can be shown that the trade union behavior with respect to wage setting may have favorable effects on per capita … contributions, if labor demand is sufficiently inelastic with respect to the wage rate. In contrast, if firm's labor demand reacts …

This paper provides some evidence on the existence of the wage curve - the negative relationship between individual … wages and the local unemployment rate - within a number of occupations. It exploits the Bank of Italy’s Household Survey and … draws data from 1977 to 2008. An occupation-level wage curve exists for all the employees, while it holds only for a sub …

Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

The difference between the potential net wage income and the social welfare payments is measured for different types of … (explicit and implicit) marginal tax rates for wage income of the recipients of social assistance are extremely high (up to 100 … impeded by the system of social assistance. As a consequence, unemployment increased. …

use it to (i) calculate three dimensions of public-sector compensation: wage, pension, and job-security premia, and (ii … private sector would lower the unemployment rate and reduce government costs. …

We set up a model with search and matching frictions to understand the effects of employment and wage policies, as well … as nepotism in hiring in the public sector, on unemployment and rent seeking. Conditional on inefficiently high public …-sector wages, more nepotism in public-sector hiring lowers the unemployment rate because it limits the size of queues for public …

. Furthermore, working time reductions may result in an increase in wage pressure, causing unemployment to rise. …This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent …) The wage increase was more pronounced for workers who received a larger reduction of actual hours. The conclusion is that …

stronger for more recent cohorts. Less success in obtaining jobs with higher occupational autonomy explains half of the wage …