The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …

care about their relative wages, and show that the presence of a relative wage concern could help generation a positive …

the macroeconomic level, we draw special attention to the important distinction between product and consumption wages … changes in the distribution of hourly wages between 1990 and 1997 and analyze the economic factors determining these changes …

setting minimum wages at the contract level. Using an instrumental variable strategy and exploiting variations in contract …-level exposure to trade, we find for the 1995-2003 period that, on average, the surge in imports decreased contractual minimum wages … effect contrasts with a nonsignificant effect of trade on total wages, with the latter becoming positive and large only for …

development of wages and employment across skill groups, there is considerable disagreement to explain these trends, in particular …