wage-setting mechanism is insufficiently responsive to the growth of unemployment and, second, there exists a well …

wage bill maximization hypothesis and the rent maximization hypothesis to provide inferior explanations of the movement of …

.S. and U.K. data of the economy-wide wage changes mandated' to maintain zero profits in all sectors in response to the sector … bias of sbtc. The suggestive mandated-wage estimates match the direction of actual wage changes in both countries during …

relative wage effects vary across groups and through time. The main findings may be summarized as follows. a) The union wage … rate, and appears to be untrended in both countries. Union wages are sticky. c) The size of the wage gap varies across …

rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips …

wage level (not on the rate of change of pay or prices) . The paper finds evidence - on British and US data - of a wage …

This paper examines the effect of earnings taxes on the variability of wages over time. We estimate a "hedonic wage … locus" which indicates how the market allows individuals to substitute the mean level of the wage for its variability across … rate of taxation on earnings would on average lead workers to choose jobs with a higher pre-tax mean wage and with greater …

This paper investigates an economy in which there are short-term wage contracts that are re-negotiated under certain … conditions. This paper determines the optimal frequency of wage re-negotiation and shows that it depends positively on measures … of aggregate variability and Phillips curve slope. The role of optimal wage re-negotiation is to mitigate the output …

, simply because wages are not universally rigid. Several different statistical techniques suggest that wage rates in the U … historical data covering the period between the late-nineteenth-century and 1940, U.S. wage behavior appears to be much more … outlier, suggests that the 1948 invention of the three-year staggered U.S. wage contract may be the crucial factor underlying …