combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K …

absence in Europe and develops a stylized model where absence is part of the labor-leisure decision made by workers and the …

protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …