All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to …

an interest rate innovation depends on the degree of wage rigidity. Generally, more rigid wages translate into more …

and cyclicality of wages to identify the two key parameters of the model - the value of non-market activity and the …

growth in larger cities, rather than smaller ones or by population shifts across cities. We estimate individual wages …, but changes in their returns significantly influence wages, with notable variation across cities. Overall, aggregate wage …

how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to … to adverse shocks due to their inability to adjust wages downward. Indeed, minimum wage restrictions were seen to …

This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an … important driver of wages, since the wage response to trade is small. Moreover, in line with the Stolper-Samuelson reasoning …

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

wages covering the entire economy over the period 2001-2006 with monthly frequency. We find that the wage flexibility at the …% and 7%. On average, wages change less often than consumer prices. Less than one percent of (nominal) wages are cut both … from month to month and from year to year. Due to automatic wage indexation, wages appear to be subject to substantial …