We study the wage growth of job stayers over the business cycle, and show that wage adjustments within a job spell … display significant history dependence. This is at odds with the spot market model, which implies that the wage growth of a … larger wage raises during expansions, and are subject to smaller wage cuts during downswings. The change in the …

contractual arrangements in wage determination. In economies with decentralized bargaining practices, such arrangements resemble … unions and centralized wage bargaining, wage behavior is better approximated by full-commitment insurance contracts. …

contractual arrangements in wage determination. In economies with decentralized bargaining practices, such arrangements resemble … unions and centralized wage bargaining, wage behavior is better approximated by full-commitment insurance contracts. The co …

. We show that firms were able to respond to the Great Recession with substantial real wage cuts and by recruiting more …

backloaded in good times and frontloaded in bad times. We prove that there exists a unique spot target wage, which serves as an … attraction point for smooth wage adjustments. The structural model is estimated on matched employer-employee data from Sweden …

Drawing on data from 11 successive waves of yearly wage surveys carried out by the Public Employment Service in Hungary … related in part to differences in experience-earnings profiles. -- experience-earnings profile ; earnings fluctuation ; wage …

We use representative payroll data from Great Britain to document novel facts about nominal wage adjustments, focusing …. Unusually, these payroll-based data also report the wage rates of hourly-paid employees. A quarter of these workers typically … see no change in their wage rates from one year to the next in the same job, and very few experience wage cuts. We exploit …

We use representative payroll data from Great Britain to document novel facts about nominal wage adjustments, focusing …. Unusually, these payroll-based data also report the wage rates of hourly-paid employees. A quarter of these workers typically … see no change in their wage rates from one year to the next in the same job, and very few experience wage cuts. We exploit …