vs. sticky wages, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions …, search on-the-job and endogenous job separation. Models with wage stickiness and right-to-manage bargaining or with firm …-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … for wage growth are the non-employment rate and the under-employment rate. Both are high and act as brakes on wage growth …

following modeling setups: right-to-manage bargaining vs. e¢ cientbargaining, wage stickiness in new and existing matches …, interactions at the …rmlevel between price and wage-setting, alternative forms of hiring frictions, searchon-the-job and endogenous …

We document substantial cross-sectional heterogeneity of German establishments' real wage cyclicality over the business … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

We document substantial cross-sectional heterogeneity of German establishments' real wage cyclicality over the business … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment … level. We derive a model that allows for heterogeneous wage cyclicalities across firms over the business cycle and confront … with theory, establishments with more procyclical wage movements over the business cycle have a more countercyclical hires …

model that is able to replicate these facts and thereby allows us to run counterfactual exercises. When we set the wage …

model that is able to replicate these facts and thereby allows us to run counterfactual exercises. When we set the wage …

Although the quantitative relationship between employment cyclicality and wage cyclicality is central for the dynamics … that wage cyclicalities are very heterogeneous across establishments. Based on this heterogeneity, we estimate the … relationship between employment cyclicality and wage cyclicality at the establishment level. We use this micro-estimate as a …

volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most …This paper reviews recent approaches to modeling the labour market, and assesses their implications for inflation … consider the following modeling setups: right-to-manage bargaining vs. efficient bargaining, wage stickiness in new and …