We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs … wage cuts would save their jobs. For lost union jobs, 45 percent say contractual restrictions prevent wage cuts. Among …

We introduce a form of downward nominal wage rigidity that can vary in intensity across a continuum of labor varieties …. The model delivers a static wage Phillips curve linking current wage inflation to current unemployment. For standard … parameterizations, the dynamics of the model are qualitatively and quantitatively similar to those of the new-Keynesian model with wage …

We consider a New Keynesian model with downward nominal wage rigidity (DNWR) and show that government spending is much …

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage …-order equivalent in an economy with flexible incentive pay and without bargaining, vis-á-vis an economy with rigid wages. Second, wage …% of wage cyclicality in the data arises from incentives. A standard model without incentives calibrated to weakly …

, under a Nash bargain, the equilibrium wage is linear in a person-specific component, a firm-specific component, and the … posterior mean of beliefs about match quality. Second, the optimal separation policy is of the reservation wage type …) Program at the US Census Bureau. I present both fixed and mixed model specifications of the equilibrium wage function, taking …

proliferation, the gender wage gap, the gender/happiness paradox and the widespread use of tournaments as a sorting device. …