unpaid overtime. Their effective wages show a strongly procyclical reaction to changes in unemployment. Despite acyclical …. -- real wage cyclicality ; effective wages ; unpaid overtime ; bonus payments ; firm stayers …

titles. We find that the real wages of both male and female workers who change job titles within companies are significantly … ; spot wages ; job moves ; job re-grading …

It is well-known that real wages are procyclical conditional on a monetary policy shock. This paper challenges this … conventional view by using a quantitative heterogeneous-agent New Keynesian economy with sticky wages. In the model with benchmark … wages (average hourly earnings) increase. This implies that true real wages may be countercyclical conditional on a monetary …

titles. We find that the real wages of both male and female workers who change job titles within companies are significantly …

cyclicality. Estimation is undertaken separately for job stayers and job movers. A unique data advantage compared to earlier …

develop frequency domain methods that allow us decompose wages into cyclical components and to assess the relative … contribution of each component to overall variation. These are discussed in relation to wages alone (the univariate case) and to … wages in relation to production or employment-based measures of the cycle (multivariate). In the multivariate dimension, we …

costs, through movements from overtime to short-time schedules. Nominal wages dropped relatively modestly while real wages …