Wage dispersion among observationally similar workers is still only partially unexplained by economists from both a … producing output, we empirically test whether part of the observed variation in wages across similar individuals is related to … different occupations is related both to within-occupation wage dispersion and to cross-occupation wage levels: workers in high …

groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …