We analyze how the pass-through from exchange rate to domestic wages depends on the degree of integration between … domestic and foreign labor markets. Using data from 66 countries over the period 1981–2005, we find that the elasticity of … domestic wages to real exchange rate is 0.1 after a year for countries with high barriers to external labor mobility, but about …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from …

This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U ….S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all …

The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open … semi-elasticity of the stock of M and E with respect to the METR is about -0.2, suggesting, for example, that a 5 …

aggregate demand shocks. Wage flexibility in response to energy price shocks guarantees workers higher real wages without …

trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …

advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying …