unobservable e ort and incentive ("fair") wages a la Danthine and Kurmann (2004), and explicitly perform the aggregation presented …

-convex labor supply decision, unobservable effort, and incentive ("fair") wages. The presence of indivisible labor creates a market …

Motivated by recent debates on the possible role of wages as an income policy tool, in this study we examine the … dynamic inter-relationship between wages in Bulgaria, mainly in the context of its EU accession. Relative to the WDN studies … determinant of the other two wages. We demonstrate that minimum wage increases do not cause changes in average wages in either the …

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether … internalize the effect that past wages have on current effort level. We calibrate the model to Bulgarian data (1999-2016), and … quantify the effect of technological shocks on hours and wages in the theoretical setup. Overall, the calibrated model with …