We develop a novel, tractable New Keynesian model where firms post wages and workers search on the job, motivated by … microeconomic evidence on wage setting. Because firms set wages to avoid costly turnover, the rate that workers quit their jobs … wages to cost-of-living shocks, i.e., shocks that raise the price of household's consumption goods but do not affect the …

. -- International outsourcing ; individual wages ; labour market institutions …This paper studies the impact of outsourcing on individual wages in three European countries with markedly different … labour market institutions: Germany, the UK and Denmark. To do so we use individual level data sets for the three countries …

, are the first to leave the firm (Last In, First Out; LIFO). Second, workers' wages rise with seniority (= a worker … to seniority in wages. Efficiency in hiring requires the workers' bargaining power to be in line with their share in the …

. -- Monitoring ; tenure ; efficiency wages …

effects explains why Chinese wages have caught up, especially since the mid-1990s. The price effect is only partly explained …

In this paper, we propose and test a novel effect of immigration on the wages of native workers. Existing studies have … focused on the wage effects that result from changes in the aggregate labour supply in a competitive labour market. We argue … that if labour markets are not fully competitive, the use of immigrants may also affect wage formation at the most …

of notice is defined as the period an employer has to notify workers in advance of their up-coming dismissal. The wages …. Strong evidence is found that a longer 'dormant' term of notice leads to higher wages. In my sample, an additional month of … notice increases wages by three percent, ceteris paribus. -- Employment protection ; wages ; fixed effects …

The principal means by which individuals and families achieve economic self-sufficiency is through labor market … and families to achieve an adequate standard of living from participating in the labor market - a goal that has become … used or can be used to increase economic self-sufficiency by increasing earnings, including mandating higher wages …