-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …

Relative wages have been remarkably rigid for the last two decades in Danish manufacturing despite large shifts in … relative wages as a consequence of labor market institutions, we argue that skill upgrading is more pronounced during downturns … an important role in explaining the shift in relative labor demand. -- rigid relative wages ; skill upgrading ; business …

Relative wages have been remarkably rigid for the last two decades in Danish manufacturing despite large shifts in … relative wages as a consequence of labor market institutions, we argue that skill upgrading is more pronounced during downturns …

with theory, establishments with more procyclical wage movements over the business cycle have a more countercyclical hires …

This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … German administrative linked employer employee data for the years 1985-2010 and an estimation framework based on duration … unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to …

This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … German administrative linked employer--employee data for the years 1985--2010 and an estimation framework based on duration … unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to …