Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …

This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … lower capital-labour ratio. We cannot tell whether productivity is driving wages or vice versa, but understanding why wages …

concerns. When controlling for both worker and firm heterogeneity and instrumenting for concentration, we find that wages are …

We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job … and local product market concentration, we show that the elasticities of wages with respect to labour market concentration … are strikingly similar across countries: increasing labour market concentration by 10% reduces wages by 0.19% in Germany …

controlled for there is a further pervasive source of bias, namely the co-movement of firm employment and firm wages. In a simple … aggregate or firm level) to firm's employment and wages cause downward bias in OLS regression estimates of RTT. We show that the … between 3.5% and 4.5% of wages at 20 years of tenure - over 80% (50%) of the estimated RTT level itself. The results extend to …

wages increase by about 45%. The results are based on multiple instrumental variables, including firm-specific international … country: RS is weaker in firms with more women and less educated workers; RS involves an element of risk sharing, as wages … wages tend to reduce RS; and, while employer labour market power reduces wages, it increases RS. Overall, despite its …

attrition and missing wages are also addressed. Using German household panel surveys from 1984 to 2014 and home country …