market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males … determining real wages, although we do find some support for contracting effects. Further evidence is provided through the …

movers, and between-company job movers. Wages of internal movers, they find, were slightly more procyclical, and wages of … external movers considerably more procyclical, than those of stayers. The greater cyclicality of movers' wages is particularly … comprised about 90% of all observations in this large sample of British workers, the procyclicality of their wages was the …