De la Roca, Jorge - In: SERIEs : Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 173-195
1988 - 2011. The baseline estimate of a 0.4 % increase in wages in response to a one percentage point decline in the … the net present value of wages in new matches - the relevant piece of information for firms posting vacancies, but a … rarely available measure - and find that it is well approximated by the cyclicality of wages for newly-hired workers. …