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 …

its strength and weakness, discuss its connections with theory, and draw out potential policy implications of its findings …

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

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