We propose a random network model incorporating heterogeneity of agents and a continuous notion of homophily. Unlike … new employee via the social network. …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

cycle. While wages of the median establishment are moderately procyclical, 36 percent of establishments have countercyclical … wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

matching model. Based on this micro-macro linkage, we provide a new quantitative benchmark for the role of wage rigidity in … search and matching models. Furthermore, we show that acyclical and countercyclical wage establishments are key drivers for …

immigrants' wages are the lowest of all workers due to their ineligibility for unemployment benefits and lower wage bargaining …, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter … effect if it targets employed workers because this leads to a risk premium in their wages. Finally, I present empirical …

, display significant sensitivity of wages to business cycle conditions and last longer …

economies. Previous studies using industry aggregate data have found that industry wages are significantly more responsive than … Survey data for 1976 through 1998, we document that the main mechanism for exchange rate effects on wages occurs through job … turnover and the strong consequences this has for the wages of workers undergoing such job transitions. By contrast, workers …

rates, but in the longerterm only modest effects remain due to higher wages. …