This paper introduces staggered right-to-manage wage bargaining into a NewKeynesian business cycle model. Our key … shock. When the economy is hit by a neutral technology shock,both price and wage rigidities turn out to be important. …

This paper addresses the large degree of frictional wage dispersion in US data.The standard job matching model without … willingto accept low wage offers since they can continue to seek for better employmentopportunities. This explains why … degree of frictional wage dispersion by an order of amagnitude. …

andexplain the dramatic changes in the wage distributionthat occurred during the 1980s (see also Katz andMurphy 1992 … 14 percent drop in thereal wage, workers at the 66th percentile experienced onlya 6 percent drop, and workers in the … upper tail of the distributionexperienced a 1 percent wage increase. Therefore,the widening of the wage distribution …

[...]This paper is an interim report on continuingwork that we began in 1988. Our earlier research on thecauses of wage …

Wage inequality for males in theUnited States increased dramaticallyduring the 1980s. Between 1979 and1990, the weekly … than16 percent. As a result, the wage premium for collegegraduates increased from 42 percentage points in 1979 to71 … grew dramatically between 1979 and1990. Wages for men at the top end of the wage distributiongrew by 18 percent relative to …

My assignment for this conference on U.S.wage trends was, as an outsider, to drawthe macroeconomic implications of …

solutions torising wage inequality is to increase the level of trainingand education of the work force. This paper examines …