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We analyze a model of wage delay in which strategic complementarity arises because each employer’s costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...
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We investigate the link between perceptions and behavior using the wage arrears phenomenon in Russia as our case study. To measure perception, we utilize assessments of 'marketability' - what we call perceived demand. For behavior, we first consider the behavior of managers in the allocation of...
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This paper presents new estimations of wages for Normandy between 1600 and 1850. We used a vast array of primary and … secondary sources to assemble two new databases on wages and commodity prices to establish a new regional consumer price index … resulting labour shortage, led to a convergence of wages across unskilled occupations and a relative catch-up with urban skilled …
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-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …
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