in wages are explained by movements in lagged levels of profitability and unemployment. The results appear to be … competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …

Using a linked employer-employee data set, this paper analyses the relationship between firm-profitability and wages …. Particular emphasis is given to the question of whether the sensitivity of wages to firm-specific rents varies with collective … wage determination without any bargaining coverage. Our findings indicate that individual wages are positively related to …

This paper analyses whether wages in Germany respond to firm-specific profitability conditions. Particular emphasis … bargaining coverage. To derive testable hypotheses, we set up a theoretical model that analyses the sensitivity of wages to firm …