firm-related characteristics (e.g., capital intensity, productivity) contribute significantly. However, considerable wage …

firm-related characteristics (e.g., capital intensity, productivity) contribute significantly. However, considerable wage …

This paper looks at public and private sector wages interactions since the 1960s in the euro area, euro area countries … public and private sector wages over the business cycle; this finding is robust across methods and measures of wages and … quite general across countries. Second, we show evidence of long-run relationships between public and private sector wages …

In this paper I address the question to what extent wages are affected by product market uncertainty. Implicit contract … elasticity of wages to transitory shocks. Unlike these previous findings, my results show that full insurance to transitory …

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 …

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 …

's export performance is at least as strong as that of firm productivity …