present labor market conditions. Furthermore, we revisit recent findings of greater wage cyclicality of new hires. Overall, we … cyclical than those of existing workers. We argue that much of the excess wage cyclicality of new hires discussed by the …

) and an on-the-job search model (Hagedorn and Manovskii, 2013) for the wage formation of different worker types over the …), we find that previous evidence for the excess wage cyclicality of job changers can be entirely explained by cyclical …-employee matches, we also find no excess wage cyclicality for new hires from unemployment - the key worker type's wage for …

analysis is undertaken for the 1977 to 2009 period using administrative longitudinal matched employer-employee wage data. I … firm-jobs by about 1.27 percent. In light of the magnitude of the entry-wage cyclicality it seems that introducing wage … unemployment. -- real wage cyclicality ; entry wages ; search and matching model …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are …

; occupational upgrading ; wage structure ; wage setting ; overqualification …

cycle adjustment ; occupational upgrading ; wage structure ; wage setting ; overqualification …

starkes Argument gegen die Zielsetzung niedriger Inflationsraten liefert. -- Downward Nominal Wage Rigidity ; Wage Stickiness … ; Wage Compression ; Unconditional Quantile Regression …Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity …