Considering the contribution of the distribution of individual wages and earnings to that of household incomes we find …

subminimum wages to newly hired workers under the age of 25. This quasi-experiment enables us to compare wages for new hires in … the standard minimum wages for subsequent hires. …

--incorporating monopsony power, minimum wages, and unemployment. I estimate the extended canonical model using national data and, separately … model. I document that minimum wages--together with supply and demand--play a central role in shaping the evolution of the U …

Minimum wages, global markets, unemployment …

higher wages. All these phenomena are well established empirically. Efficiency wage theory provides an integrated explanation …Higher wages increase labor costs but improve the productivity of the labor force through several channels. If firms … take this into account and set their wages accordingly, the resulting wages may fail to adjust demand and supply but may …

applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on … posted wages in the cross-section, with stark heterogeneity by occupation: the wage-application correlation is driven by … responsiveness to posted wages. By applying text analysis to the job ads, we elicit advertised non-wage amenities and find evidence …