shocks affecting them, the European System of Central Banks (ESCB) conducted a third wave of the Wage Dynamics Network (WDN3 …

them, the European System of Central Banks (ESCB) conducted a third wave of the Wage Dynamics Network survey in 2014 …

provide a quantitative summary of the available evidence regarding the influence of labour market institutions on real wage …

In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a … firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of … substantially more pro-cyclical than the new-hire wage or the average wage. The strong procyclicality of the price of labor calls …

employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a … recession affects user cost: It lowers the new-hire wage; it lowers wages going forward in the match; but it also results in …

employment matches. To address both concerns, we estimate cyclicality in labor's user cost exploiting the long-run wage in a … recession affects user cost: It lowers the new-hire wage; it lowers wages going forward in the match; but it also results in …

and real wage rigitidy) and social preferences regarding inflation, employment, and real wages. We also calibrate our … Economic and Monetary Union (EMU) depends on institutions and preferences. We then use the calibrated model to analyze how EMU …

nominal and real wage rigidity) and social preferences regarding inflation, employment, and real wages. We also calibrate our … Economic and Monetary Union (EMU) depends on institutions and preferences. We then use the calibrated model to analyse how EMU …

The theoretical result according to which the wage is higher when bargaining and efficiency wages interact, is tested … by estimating a formally derived wage equation on an Italian firm-level panel from 1990 to 1999. The 1993 July Agreement ….6%; the corresponding estimated wage premium is equal to 3.6% of the average wage; b) Relative to the whole sample of firms …

Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes … efficiency benefit of corporatism. For laborers in manufacturing, we find that wage hikes result in productivity gains. Managers …