to the conventional view that labor costs are procyclical. Using BLS establishment-job data, we find that even real wages …, the main focus of prior literature, have become countercyclical. Benefit expenditures are less rigid than nominal wages …

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within … employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a …

compensation than private sector workers, ceteris paribus. With respect to hourly remuneration (wages plus employer contributions … taking jobs in the public sector, either with respect to wages or pension wealth. …

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …

Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor … in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within … employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a …

applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on … posted wages in the cross-section, with stark heterogeneity by occupation: the wage-application correlation is driven by … responsiveness to posted wages. By applying text analysis to the job ads, we elicit advertised non-wage amenities and find evidence …

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a … counterveiling fall in reservation wages, leaving the present value of wage costs unchanged. Our analysis contradicts this …

first-hand data, show that average wages in the Zone Franche have become lower than in the formal industrial sector, other …

, show that average wages in the Zone Franche have become lower than in the formal industrial sector, other things being …