lead price-setting firms to negotiate wage rates with their employees. The negotiation of wages substantially increases … which induce smooth inflation also dampen the adjustment of wages in response to shocks. In the search and matching …

labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages … of the reform on entry wages and a decrease of the returns to tenure by around 20% in the first year and by 8% over the …

During the Great Recession, unemployment increased substantially across several euro area countries, with wages … effect of changes in the composition of workers on wages and wage cyclicality. We find that compositional effects are highly … results partially explain the muted response of the observed wages to the business cycle, as wages decreased more than what …

lead price-setting firms to negotiate wage rates with their employees. The negotiation of wages substantially increases … which induce smooth inflation also dampen the adjustment of wages in response to shocks. In the search and matching …

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