Carlsson, Mikael; Häkkinen Skans, Iida; Nordström … - 2019
wage distribution for the past 15 years, and where the aggregate wage dispersion has remained constant for the same period …. Our results show that this aggregate stability is coupled with non-trivial flexibility in terms of wage adjustments to … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …