Anger, Silke - In: Labour Economics 18 (2011) 6, pp. 786-797
including overtime and bonus pay; the effective wage, which takes into account unpaid overtime; and monthly earnings, with and … unpaid overtime. Their effective wages show a strongly procyclical reaction to changes in unemployment. Despite acyclical … wage rates, salaried workers without unpaid overtime experienced procyclical earnings movements if they had income from …