Using administrative data from Germany, this paper analyzes the relation between wages and past and current labor … wages are related to past labor market conditions as contract theories postulate. However, past labor market conditions also … affect contemporaneous wages through the evolution of the match qualities over a worker's job history - the main hypothesis …

Using administrative employer-employee data from Germany, we investigate the relationship between wages and past and … find strong evidence for history dependent wages, manifested in both hiring and retention premiums - which is consistent … match quality, we find that wages of new hires from unemployment are no more cyclical, but those of job changers are more …

Using employer-employee data from Germany, this paper analyzes the relationship between wages and past and … business cycle. The results are mixed: On the one hand, the data suggest that wages depend on labor market conditions when a … contemporaneous wages through the evolution of match quality over a worker's job history - the main hypothesis of the on …

flexible-hour contract wages in response to aggregate unemployment. …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm …