or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate.We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a two-step conditional density estimator to retrieve the …

or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate. We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a two-step conditional density estimator to retrieve the …

or paid wages are subject to an unanticipated temporary change, we can derive an analytical expression for the aggregate … extensive adjustment of wages, and (iii) the aggregate employment rate. We use individual-specific data from the German Socio …-employed workers' reservation wages. We use this variable in conjunction with a twostep conditional density estimator to retrieve the …

A model of nominal labor-price dynamics is derived from the choice of an efficient strategy to adjust wages for …

demand shocks depends on the adjustment of both expectations of the average level of wages and prices and the further … whose interactions have a non-zero impact on wages. The model endogenizes employment interactions between workers and …, unless they also adjust their expectations of the scale of statistical fluctuations in wages, a negative shock to demand can …

We investigate the empirical relationship between wages and labor market conditions. Following work histories in the … NLSY79 we document that the relationship between wages and unemployment rate differs across occupations. The results hold … after controlling for unobserved match quality. This suggests that evidence about history-dependence of wages obtained from …