We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and … Survey data on accepted wages and employment durations. We show that it captures almost perfectly the joint distribution of … wages and job spells. We find that the rate of learning-by-doing has an important positive effect on aggregate output and a …

This article documents the long-term relationship among juvenile conviction, occupation choices, employment, wages, and … as a human capital investment vehicle through which juvenile crimes have a long-term impact on wages and recidivism …

monitoring creates a moral hazard problem that requires firms to pay efficiency wages. The optimal contract implies that more … premium. Postgraduate degree holders experience lower cyclical variation in real wages than those with undergraduate degrees …

-skilled workers with wages just above the minimum wage, but negative effects for high-skilled top earners in East Germany, where the … effect and provide empirical support for our theory. …