altruistic managers may offer lower wages and nevertheless build up better social-exchange relationships with their employees … convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways … than egoistic managers do. In such equilibria, a low wage signals to employees that the manager has something else to offer …

knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …

revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages … perspective, because the vast majority of estimates in the literature use wages to provide an estimate of the unemployment gap …. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …