occasionally renegotiated. We argue that one source of the wage flexibility puzzles is plausibly the model for the determination of … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

. A majority (70%) would need very substantial wage increase beyond their acceptable baseline wage to compensate for less …

firms at various distances and the remainder to a match-specific wage component that workers and firms bargain over. …

history has occurred over the past decades. We find that there exists a significant wage penalty for those migrant workers who … potential reasons for the wage penalty: 1) the informal job search sends a negative signal (of workers' inability to …

search duration, the accepted wage, and the job duration to be connected in a system of simultaneous equations which is … duration and the accepted wage affect job duration positively, but the estimated covariance terms suggest unobserved factors …

history has occurred over the past decades. We find that there exists a significant wage penalty for those migrant workers who … potential reasons for the wage penalty: 1) the informal job search sends a negative signal (of workers' inability to …

This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and … life‐cycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large … wage dispersion. Furthermore, the fraction of displaced workers who suffer a wage loss is informative of frictional wage …

This paper assesses wage setting and wage dynamics in a search and matching framework where (i) workers and firms on … observations on pay dynamics within jobs at firms. Along with wage tenure effects, serial correlation in wage changes and wage …

Wage decompositions suggest that a large share of the gender wage gap can be explained by differences in occupation and … employer choices. If female workers are not well informed about these pay differences, increasing wage transparency might … requires companies to state a wage figure in job advertisements. For the analysis, we combine vacancy postings from the largest …